Magnum Semiconductor Inc. was a
video compression technology company headquartered in
Milpitas,
California
California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the ...
, and with an engineering branch at
Waterloo, Ontario
Waterloo is a city in the Canadian province of Ontario. It is one of three cities in the Regional Municipality of Waterloo (formerly Waterloo County). Waterloo is situated about west-southwest of Toronto. Due to the close proximity of the c ...
,
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tota ...
. It traded under the Magnum Semiconductor name between its foundation in 2003, and its 2016 acquisition by GigOptix, when the combined company was rebranded as GigPeak.
[
Magnum's consumer products were found in video recorder products of ]consumer electronic
Consumer electronics or home electronics are electronic (analog or digital) equipment intended for everyday use, typically in private homes. Consumer electronics include devices used for entertainment, communications and recreation. Usually ...
manufacturers.
History
Magnum Semiconductor was formed in 2003 as a spinout of the Cirrus Logic Video Division which developed MPEG
The Moving Picture Experts Group (MPEG) is an alliance of working groups established jointly by ISO and IEC that sets standards for media coding, including compression coding of audio, video, graphics, and genomic data; and transmission and fi ...
video recording and enabled consumer DVD recorder
A DVD recorder is an optical disc recorder that uses optical disc recording technologies to digitally record analog or digital signals onto blank writable DVD media. Such devices are available as either installable drives for computers o ...
s. Investors included August Capital, and Investcorp Technology Partners. In May 2007, a second round of $27 million in funding was announced, led by Investor Growth Capital, with new investors WK Technology Fund, KTB Ventures, and Gold Hill Capital.
Magnum acquired the consumer products division of LSI Corporation in June 2007, including Domino and Zevio video compression technology. The LSI division had started with the acquisition of C-Cube Microsystems, the first company to offer real time MPEG1 and MPEG2 compression. The company's products target both professional and consumer markets.
Magnum offered hardware, software, reference platforms, and engineering support for digital video recording, playback and management of audio/video content. The Magnum platforms also enabled sharing entertainment via optical disc, flash disk and home networking.
In February 2008 Gopal Solanki, from Nvidia, took over as the chief executive from Jack Guedj.
A $12 million from NXT Capital Venture Finance was announced in October 2012.
In April 2016, Magnum was acquired by GigOptix, with the combined company rebranded as GigPeak.San Jose, California
San Jose, officially San José (; ; ), is a major city in the U.S. state of California that is the cultural, financial, and political center of Silicon Valley and largest city in Northern California by both population and area. With a 2020 popul ...
, and listed on the New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
with symbol GIG.
GigPeak was acquired by Integrated Device Technology in 2017.
References
External links
*{{Official website, http://www.magnumsemi.com/ (Disabled site.)
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