Microchip Technology Acquires Hampshire Company
Hampshire Touch Screen Controllers Are Added to Microchip's mTouch(TM) Sensing Solution Portfolio of User-Interface Products
Last update: 5:42 p.m. EDT Oct. 15, 2008
CHANDLER, Ariz., Oct 15, 2008 (BUSINESS WIRE) -- Microchip Technology Incorporated (MCHP:Microchip Technology Inc
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MCHP 23.13, +0.31, +1.4%) , a leading provider of microcontroller and analog semiconductors, today announced it has acquired Hampshire Company, Inc. Hampshire is a leader in the large-format (typically with screen diameters greater than 5 inches) touch screen controller market. Hampshire provides customers with high-quality universal touch screen controllers, along with best-of-class application support and driver-interface software.
"Hampshire has used its leading edge technology and know-how to achieve a leadership position for touch screen controllers," said Steve Sanghi, Microchip's President and CEO. "Microchip has already achieved very strong momentum with its mTouch(TM) sensing solution portfolio. Hampshire's portfolio of products will extend Microchip's leadership in universal touch screen controllers. Microchip intends to capitalize on Hampshire's leading technology to accelerate touch screen R&D for the next generation of touch screen controllers."
"The combined capabilities of Hampshire and Microchip are expected to create unique opportunities in the growing touch screen market with the goal of creating a global standard for the touch screen interface," says Carl Bauman, president of the Hampshire Company. "We are very excited that Microchip has added Hampshire's products to the Microchip mTouch(TM) portfolio of user-interface products."
The terms of the deal are confidential, and the deal is expected to be immediately accretive to Microchip's earnings.
Forward-Looking Statements
The statements in this release relating to Microchip's strong momentum with its mTouch portfolio, Hampshire's portfolio of products extending Microchip's leadership in universal touch screen controls, Microchip's intention to capitalize on Hampshire's technology to accelerate touch screen R&D, the expectation that the combined capabilities of Microchip and Hampshire will create unique opportunities in the touch screen market, the goal of creating a global standard for the touch screen interface and the expectation that the deal will be immediately accretive to Microchip's earnings are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current expectations of Microchip's management and are subject to a number of business and economic risks that are inherently uncertain and difficult to predict, including, but not limited to: the effect of the acquisition on Microchip's and Hampshire's relationships, operating results and businesses generally; the continued market acceptance of user-interface products introduced by Microchip and Hampshire; the progress and costs of development of new user-interface products and the timing of market acceptance of those products; Microchip's ability to successfully integrate Hampshire's operations and employees and retain key employees; and the general economic, industry or political conditions in the United States or internationally. |
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