LG Selects Active-Semi’s Digital Power Tech and Makes Strategic Investment
Active-Semi International 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. LG Electronics joined Active-Semi's existing investors including U.S. Venture Partners, Tenaya Capital and others in this $7 million round of financing. 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.
"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."
"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."
Founded in 2004 and headquartered in Dallas, Texas, Active-Semi is the leader in flexible, highly integrated semiconductor power management solutions for digital control of analog power. The company has shipped more than one billion modular power management ICs which energize today's consumer electronics and industrial designs by simplifying design, boosting equipment performance and enabling intelligent battery charging. With analog and mixed-signal semiconductor experts located in ISO9001:2008 certified R&D centers and sales facilities in the United States, China, Hong Kong, Japan, Korea and Taiwan.
