Magnum Semiconductor
| Company type | Private |
|---|---|
| Industry | Video compression technology |
| Founded | 2003 |
| Fate | Acquired by GigOptix in 2016; merged entity renamed GigPeak |
| Headquarters | Milpitas, California , United States |
Area served | Worldwide |
Key people | Gopal Solanki (CEO from 2008) |
| Products | Video compression technologies, MPEG video recording solutions |
Magnum Semiconductor Inc. specialized in video compression technologies and was headquartered in Milpitas, California, with an engineering facility located in Waterloo, Ontario, Canada. The company operated under the Magnum Semiconductor brand from its inception in 2003 until it was acquired by GigOptix in 2016, after which the merged organization adopted the name GigPeak.
The company's innovations were incorporated into consumer electronic devices, focusing primarily on video recording equipment.
History
Magnum Semiconductor was established in 2003 as a spin-off from the Cirrus Logic Video Division, concentrating on MPEG video recording solutions tailored for consumer DVD recorder devices. Initial funding came from investors such as August Capital and Investcorp Technology Partners. In May 2007, the company obtained $27 million in capital through a funding round led by Investor Growth Capital, with participation from WK Technology Fund, KTB Ventures, and Gold Hill Capital.
In June 2007, Magnum broadened its portfolio by acquiring LSI Corporation’s consumer products segment, which included the Domino and Zevio video compression technologies. This segment had its origins in LSI's purchase of C-Cube Microsystems, a leader in real-time MPEG1 and MPEG2 compression technology. Magnum provided solutions to both professional and consumer sectors through hardware, software, reference platforms, and engineering services focused on digital video recording, playback, and content management. Their systems supported content distribution via optical discs, flash memory devices, and home networking environments.
Gopal Solanki, formerly with Nvidia, took over as CEO from Jack Guedj in February 2008. Later, in October 2012, the company secured an additional $12 million investment from NXT Capital Venture Finance.
In April 2016, GigOptix purchased Magnum Semiconductor for $55 million; following this acquisition, the combined entity was renamed GigPeak. Headquartered in San Jose, California, GigPeak was publicly listed on the New York Stock Exchange under the ticker symbol GIG. Subsequently, in 2017, Integrated Device Technology acquired GigPeak.
External links
- Official website (Inactive)
- Articles with short description
- Video compression
- Technology companies based in the San Francisco Bay Area
- Companies based in Milpitas, California
- Electronics companies established in 2003
- Technology companies established in 2003
- 2003 establishments in California
- Defunct computer companies of the United States
- Defunct computer hardware companies
- Defunct semiconductor companies of the United States