News
 

Bookmark and Share

(1) 

Silicon Integrated Systems, a Taiwanese developer of core-logic products, has acquired additional share in XGI Technology, a company that develops graphics processors and was spun-off from SiS in 2003.

A report from DigiTimes claims that Silicon Integrated Systems had invested an additional $13.2 million in XGI Technology, boosting its stake in the graphics chip affiliate from 30% to 36.91%. The capital was used to purchase 37.5 million shares from XGI’s new share rights issue. The company issued a total of 67.5 million shares, increasing XGI’s registered capital from $45.8 million to $64.6 million.

XGI did not reveal the investors for the remaining 30 million shares, which were priced at a premium of NT$12 per unit, compared to a net worth of NT$6.5.

XGI Technology faced numerous challenges with its graphics business, as its dual-chip graphics cards did not meet expectations in terms of performance, while single-chip products only managed to act competitively in the entry-level market. Additionally, transition to PCI Express bus for XGI will stretch, as the company will only be able to offer its PEG x16 graphics chip in early 2005.

Discussion

Comments currently: 1
Discussion started: 08/23/04 01:58:42 AM
Latest comment: 08/23/04 01:58:42 AM

Add your Comment




Related news

Latest News

Tuesday, July 22, 2014

10:40 pm | ARM Preps Second-Generation “Artemis” and “Maya” 64-Bit ARMv8-A Offerings. ARM Readies 64-Bit Cores for Non-Traditional Applications

7:38 pm | AMD Vows to Introduce 20nm Products Next Year. AMD’s 20nm APUs, GPUs and Embedded Chips to Arrive in 2015

4:08 am | Microsoft to Unify All Windows Operating Systems for Client PCs. One Windows OS will Power PCs, Tablets and Smartphones

Monday, July 21, 2014

10:32 pm | PQI Debuts Flash Drive with Lightning and USB Connectors. PQI Offers Easy Way to Boost iPhone or iPad Storage

10:08 pm | Japan Display Begins to Mass Produce IPS-NEO Displays. JDI Begins to Mass Produce Rival for AMOLED Panels

12:56 pm | Microsoft to Fire 18,000 Employees to Boost Efficiency. Microsoft to Perform Massive Job Cut Ever Following Acquisition of Nokia