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Sigma Designs to Acquire UWB Chipset Start-Up Blue7

Sigma Designs, which specializes in silicon-based media processors for IPTV set-top boxes, digital media receivers, high definition DVD players and other consumer media devices, agreed to acquire Blue7 Communications, a start-up focused on the development of advanced wireless technologies, and Ultra-Wideband (UWB) semiconductor products.

Blue7 is currently developing its “Windeo” chipset, encompassing an all-CMOS solution with the Baseband and MAC integrated chip along with an RF front-end chip, both of which are expected to move into production during the second half of 2006. Target applications for these high-performance, wireless chipsets include wireless video/audio streaming within the home, wireless connections from set-top components to HDTV displays, and future potential for a wireless USB standard.

Sigma Designs will pay a total of approximately $14 million for all outstanding shares of Blue7 capital stock and the assumption of all outstanding employee stock options, less amounts for securities held by Sigma in Blue7.

“Wireless connectivity is becoming an integral part of the consumer entertainment landscape,” said Thinh Tran, chairman and CEO of Sigma Designs. “With Sigma’s focus on IP video and networked consumer products, the addition of wireless communication products and technologies will enable us to address broader solutions and increase our value-add in each product.”http://www.sigmadesigns.com/

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