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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

[1-1]

1. 
Invest in this piece of crap?
If I was going to invest in some company not NVIDIA or ATI it would be surely S3. Since 3DFX and POWERVR are no longer with us.
[Posted by: I  | Date: 08/23/04 01:58:42 AM]

[1-1]

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