Microchip Technology Inc. (
Nasdaq: MCHP) today
announces the completed acquisition of Seoul, Korea-based VSI Co.
Ltd., an industry pioneer in providing high-speed, asymmetric,
camera, sensor and display connectivity technologies and products
based on the Automotive SerDes Alliance (ASA) open standard for
in-vehicle networking (IVN). The terms of the transaction are not
disclosed.
The market size of automotive radar, camera and LiDAR modules is
expected to grow by greater than two times between 2022 to 2028 to
$27B in revenue, according to Yole Group1. This anticipated growth
is driven by the increased adoption of Advanced Driver Assistance
Systems (ADAS), in-cabin monitoring, safety and convenience
features (e.g., 360-degree surround view, e-mirrors) and
multi-screen digital cockpits for next-generation software-defined
vehicles (SDV). These applications will require more highly
asymmetric raw data and video links and higher bandwidths, making
current, proprietary serializer/deserializer (SerDes) based
solutions no longer adequate, both commercially and technically. In
response to these developments, the Automotive SerDes Alliance
(ASA) was formed in 2019 and released the first open-standard ASA
Motion Link (ASA-ML) specifications.
“This acquisition brings VSI’s knowledgeable team, their market
traction and ASA Motion Link technologies and products to
Microchip’s expansive automotive networking portfolio to better
serve the ADAS megatrend we are focused on,” said Mitch Obolsky,
senior vice president of Microchip’s automotive products,
networking, and data center business units. “As the industry
converges around three primary IVN pillars – Ethernet, PCIe® and
ASA Motion Link, camera and display connectivity is one of the
fastest growing and largest IVN markets. With VSI, Microchip can
now offer products that span all three pillars and also provide
automotive security, microcontrollers, motor control, touch and
power management solutions to our customers to enable their
next-generation software-defined vehicle architectures.”
Today, ASA has over 145 members, including Microchip who is a
promoter member. With 11 automotive manufacturers including BMW,
GM, Ford, Stellantis and Hyundai-Kia Motors Corporation, the
Alliance also includes an ecosystem ranging from Tier 1 suppliers,
semiconductor and imager vendors, to test and compliance houses. In
addition to being an open standard, ASA-ML brings link layer
security and scalability to support 2 Gbps to 16 Gbps line rates.
Furthermore, the upcoming specification update will enable ASA-ML
to support Ethernet-based architectures.
“Microchip Technology is an established and trusted market
leader in automotive networking known for their automotive quality
and robust supply chain, and our team is excited to join them to
address the growing ADAS and digital cockpit connectivity market,”
said Steve Kang, CEO of VSI Co. Ltd. “VSI is a leader in the
development of ASA-ML products and was the first to introduce
products to the market. Our standards-compliant chipsets are being
evaluated by car manufacturers worldwide. We recently collaborated
with BMW in a proof of concept to showcase ASA-ML and our product
readiness. This acquisition brings together two organizations with
a shared commitment to advancing technology through innovation. We
look forward to successfully deploying our solutions in production
vehicles for years to come."
In March 2024, BMW Group announced at the Automotive Ethernet
Congress in Munich they would shift to using standardized ASA-ML
for upcoming start of productions. BMW has always been at the
forefront of in-vehicle networking innovation and strongly believes
in leveraging standardized technologies in their vehicle
architectures and now also their video architecture.
For more information about the ASA Motion Link products, please
contact your local Microchip sales teams.
ResourcesHigh-res images available through
Flickr or editorial contact (feel free to publish):
- Application image:
www.flickr.com/photos/microchiptechnology/53610840249/sizes/l
Cautionary Statement:
The statements in this release relating to the acquisition of
ADAS and Digital Cockpit Connectivity Pioneer VSI Inc. being able
to extend our automotive networking market leadership; that adding
ASA Motion Link technology to Microchip’s broad Ethernet and PCIe
automotive networking portfolio will enable next-generation
software-defined vehicles, that the market size of automotive
radar, camera and LiDAR modules is expected to grow by greater than
two times between 2022 to 2028 to $27B in revenue; that the
increased adoption of Advanced Driver Assistance Systems (ADAS),
in-cabin monitoring, safety and convenience features (e.g.,
360-degree surround view, e-mirrors) and multi-screen digital
cockpits for next-generation software- defined vehicles (SDV) will
require more highly asymmetric raw data and video links and higher
bandwidths making current, proprietary serializer/deserializer
(SerDes) based solutions no longer adequate, both commercially and
technically; that this acquisition will allow the companies to
better serve the ADAS megatrend; that with VSI, Microchip can now
offer products that span Ethernet, PCIe and ASA motion link, and
also provide automotive security, microcontrollers, motor control,
touch and power management solutions to customers to enable their
next-generation software-defined vehicle architectures; that the
upcoming specification update will enable ASA-ML to support
Ethernet based architectures; that we will successfully deploy our
solutions in production vehicles for years to come; and that BMW
will shift to using standardized ASA-ML for upcoming start of
productions are forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995.
These statements involve risks and uncertainties that could
cause our actual results to differ materially, including, but not
limited to: conclusion of the corridor, anticipated manufacturing
of certain product types and featuring certain technology at the
corridor, changes in demand or market acceptance of these products
and the products of our customers and our ability to meet market
demand.
For a detailed discussion of these and other risk factors,
please refer to Microchip’s filings on Forms 10-K and 10-Q. You can
obtain copies of Forms 10-K and 10-Q and other relevant documents
for free at Microchip’s website (www.microchip.com) or the SEC’s
website (www.sec.gov), or from commercial document retrieval
services.
Stockholders of Microchip are cautioned not to place undue
reliance on our forward-looking statements, which speak only as of
the date such statements are made. Microchip does not undertake any
obligation to update any forward-looking statements to reflect
events, circumstances publicly, or new information after this press
release or to reflect the occurrence of unanticipated events.
About Microchip TechnologyMicrochip Technology
Inc. is a leading provider of smart, connected and secure embedded
control solutions. Its easy-to-use development tools and
comprehensive product portfolio enable customers to create optimal
designs which reduce risk while lowering total system cost and time
to market. The company solutions serve approximately 125,000
customers across the industrial, automotive, consumer, aerospace
and defense, communications and computing markets. Headquartered in
Chandler, Arizona, Microchip offers outstanding technical support
along with dependable delivery and quality. For more information,
visit the Microchip website at www.microchip.com.
About VSI Co. Ltd. VSI, headquartered in Seoul,
South Korea, is a fabless semiconductor company specialized in the
design and development of high-speed link technology and is focused
on developing products of essential use in autonomous vehicles. In
addition, VSI is a crucial member of standardization organizations
such as ASA (Automotive SerDes Alliance) and Open Alliance, where
we participate in various standardization activities. Aiming to
provide cutting-edge networking solutions required by various
industries and manufacturers, VSI is expected to provide essential
networking solutions for next generation automotive and industrial
applications. For more information, visit the VSI website at
www.vsitech.co.kr
Note: The Microchip name and logo and the Microchip logo are
registered trademarks of Microchip Technology Incorporated in the
U.S.A. and other countries. All other trademarks mentioned herein
are the property of their respective companies.
|
|
Editorial Contact: |
Reader Inquiries: |
Brian Thorsen |
1-888-624-7435 |
480-792-7182 |
|
brian.thorsen@microchip.com |
|
|
|
1 Sources: LiDAR for Automotive – Radar for Automotive –
Status of the Camera Industry – Yole Intelligence, 2023.
Grafico Azioni Microchip Technology (NASDAQ:MCHP)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Microchip Technology (NASDAQ:MCHP)
Storico
Da Mag 2023 a Mag 2024