LG Electronics Selects Active-Semi® Power Technology Resulting in Strategic Investment
Power Application Controller™ (PAC) Platform and Active Direct Drive™ LED Driver Semiconductor Solutions Provide Unprecedented Energy Savings and Cost Reductions
“Active-Semi’s power solutions with firmware meet LG Electronics’ stringent next-generation electronic system space and cost requirements”
DALLAS, – June 25, 2013 – (BUSINESS WIRE) – Active-Semi, the leader in flexible, highly integrated semiconductor power management solutions, today announced that LG Electronics Inc. is the major new investor in a round of strategic funding that will accelerate the development of power semiconductor solutions ideally suited for LG Electronics’ diverse lines of industry-leading electronic products.
“Active-Semi’s power solutions with firmware meet LG Electronics’ stringent next-generation electronic system space and cost requirements,” said Dr. Sam Ha, Head of Energy Components Business, LG Electronics. “Our investment and joint collaboration with Active-Semi will enable fast and broad implementation of this flexible power application controller platform that scales across numerous product lines such as our smart home appliances and air conditioning systems.”
LG Electronics will initially target Active-Semi’s Power Application Controller™ (PAC) platform to enable rapid worldwide conversion to energy efficient home appliances, then expand to other applications that can leverage the benefits of the platform.
LG Electronics joined Active-Semi’s existing investors including U.S. Venture Partners, Tenaya Capital and others in this $7 million round of financing.
“We are delighted about LG Electronics’ strategic investment in Active-Semi,” said Winston Fu, Chairman of Active-Semi and a general partner at U.S. Venture Partners. “We value them as a significant customer for Active-Semi’s technology and as a key member of the company’s investment team.”
“LG Electronics is a long-time valued customer of our mobile charging solutions,” said Larry Blackledge, CEO, at Active Semi. “This new investment further validates our approach to developing the world’s most energy efficient and flexible Power Application Controller™ (PAC) platform. Active-Semi continues to sustain rapid acquisition of key customers who value the comprehensive power management functionality offered in our PAC platform as well as our LED lighting and mobile charging solutions, but at the lowest total cost of ownership.”
About Qorvo
Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
About LG Electronics Inc.
LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances. With 113 operations around the world, LG achieved global sales of KRW 51 trillion (USD 45 billion) in 2012. LG is comprised of four business units – Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions – and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators.
About U.S. Venture Partners
USVP is a leading venture capital partnership, helping entrepreneurs transform their ideas and efforts into world-changing companies. USVP focuses on early-stage ventures in information technology and health care.
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