China’s GigaDevice is on the acquisition trail
The recently appointed Hollabaugh was speaking at Electronica where the company had come as an exhibitor for the first time, seeking to emphasize its credentials as an automotive supplier
GigaDevice went public on the Shanghai stock exchange in August, 2016 with one quarter of 100 million A-shares listed for trade. “Our initial public offering on the Shanghai Stock Exchange begins an important new chapter in the development of GigaDevice,” said Zhu Yiming, chairman and CEO, in a statement issued at the time. The amount raised in the offering is thought to be of the order of $90 million. Hollabaugh said GigaDevice had revenues of $200 million in 2015 and was likely to hit $220 million to $230 million in 2016.
GigaDevice’s products include SPI NOR flash and SPI NAND flash memories as well as Cortex-M3 and Cortex-M4 based microcontrollers. GigaDevice mainly follows the ST32 product line, offering drop-in replacement parts. “They are hardware-compatible with ST32 but may need a remap of the peripherals which are our own IP,” said Hollabaugh. “Next year we will be developing Cortex-M7 and Cortex-M0+ based MCUs or maybe the Cortex-M22/23. We might move up to the M22/M23 because of their support for security for introduction in 2017/2018,” said Hollabaugh.
Hollabaugh said that the company had six NOR flash memories with AEC-Q100 automotive qualification and that the company was working on qualifying serial NAND and MCU products. “We’ve got a big win with an automotive company in China that will be significant in 2017,” said Hollabaugh.
Hollabaugh said he had been appointed to help GigaDevice expand beyond China and become a global supplier. He added that the company has an interest in magnetic RAM through its investment in Everspin Technologies Inc. (Chandler, Ariz.).
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