Maxim-related IP startup backed by China telecoms firm

Maxim-related IP startup backed by China telecoms firm

Business news |
By Peter Clarke

The funding is in return for a 2.4 percent equity stake, which therefore values the PI Semi at about $52 million.

PI Semi was founded in 2019 by a group of semiconductor veterans the majority of whom had gained considerable experience with Maxim Integrated Products in the US. These include the company CEO, Matt Cui; design engineers Arun Singh and Chaitanya Chava and Kevin Buehler, who serves as vice president of marketing. The company is headquartered in Shenzhen, with design centers being staffed in Shanghai and Bangalore, India and an office in Dallas, Texas.

Analog Devices agreed to buy Maxim for about US$21 billion in 2020 and the deal closed in August 2021 after receiving approval from the Chinese regulator.

PI Semi is building a portfolio of IP circuits that enable high resolution ADCs, precision DACs, voltage references and high voltage drivers. The company is going after applications in high-speed optical communications, RF bias for 5G infrastructure, medical devices and systems, battery management systems, industrial control, and automotive ADAS systems. IP cores can be standard products, but can also be customized.

Pangaea’s investment is described as strategic and is intended to help the company address the optical communications market for 5G infrastructure and data center markets. In particular, to help it meet demand for 400G, 800G, 1.6T and the upcoming 3.2T optical transceivers.

“The semiconductor IC industry has seen very strong growth, especially in the PRC, and more so in the analog sectors. The industry expects the analog market to grow to US$75 billion by 2025. With design presences in PRC, India, and the United States, PI Semi is dedicated to develop highly integrated devices to support extensive application areas from optical control, to industrial control, new energy (such as battery powered automotive, energy storage and etc.), medical and AIoT,” said Cui, in a statement issued by Pangaea.

Related links and articles:

News articles:

Analog Devices completes acquisition of Maxim Integrated

Analog Devices to pay $21 billion to take over Maxim

Analog Devices in talks to buy Maxim . . . again

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