KIRKLAND - Monolithic Power (NASDAQ:MPWR) Systems, Inc. (NASDAQ:MPWR), a prominent provider of high-performance power solutions, has announced the acquisition of Axign B.V., a Netherlands-based fabless semiconductor company known for its advanced digital signal processors (DSP) used in audio systems. The acquisition, revealed today, is expected to enhance MPS's product offerings in the automotive and consumer audio markets.
Axign's DSP technology is celebrated for its near-zero distortion and low power consumption, which is anticipated to elevate the audio experience in various environments, including vehicles and home entertainment systems. Michael Hsing, the founder and CEO of MPS, praised Axign's audio processors for their superior sound quality and expressed enthusiasm about integrating these technologies with MPS's existing product lines to cater to the mass market.
MPS, which has been operating since 1997, aims to leverage Axign's local connections with Dutch universities to expand its presence in the Netherlands. The company is also looking forward to applying Axign's expertise across different market segments beyond audio.
Monolithic Power Systems specializes in semiconductor-based solutions that focus on energy efficiency and material conservation, aligning with their mission to foster sustainable living and offer consistent returns to stockholders. The company's strengths lie in system-level knowledge, semiconductor design, and proprietary technologies in semiconductor processes, system integration, and packaging.
This strategic acquisition is part of MPS's ongoing efforts to innovate and deliver high-quality, energy-efficient products that enhance quality of life. The financial terms of the deal have not been disclosed. This expansion is based on a press release statement from Monolithic Power Systems, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.