XGI Gets More Funds from Mother Company
[08/20/2004 10:34 PM]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.
| Date: 08/23/04 01:58:42 AM]5:50 pm | Apple Reminds: iPhone and iPod Overheat at 35 Degrees Celcius. Apple Issues Warning Concerning Overheating
1:09 pm | Former Intel’s Chief Does Not Expect Quick Results from Intel-Nokia Pact. Feasibility of Intel’s and Nokia’s Partnership to Be Clear in Several Years
9:15 am | Nvidia's Chief Executive Publicly Unveils Pricing of "Ion" Core-Logic. Nvidia’s Ion Platform Appears to Be Up to Three Times More Expensive than Intel’s
11:42 pm | Transcend Equips Memory Modules with Thermal Sensors. Transcend's New Memory Modules Can Monitor Their Temperature
10:17 pm | AMD Will Not Support Nvidia's CUDA Technology. AMD Not Interested in Supporting Nvidia's CUDA
3:46 pm | Sony Claims that UMD-Less PlayStation Portable Was Always In The Plans. Sony's Claims Raises Question Whether UMD Ever Was a Compulsory Element of PSP
12:43 pm | DDR3 to Capture 30% of the Market by Year End - DRAMeXchange. Contract DDR3 Prices to Increase in July
Make Home Page
Add to Favorites
Print article
Send link to friend
Digg this
Post to del.icio.us
Post to Slashdot