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Patent Landscape Shifts from M&A in the Semiconductor Industry
George Park Great things 8 April 2021 happen when ideas prosper
Property of IPValue Management Inc. – All rights reserved. The views expressed do not necessarily represent the views of IPValue. Semiconductor industry experienced a boom in M&A in the last two years
Technology area of company or business Date deal Buyer Seller Deal Value unit being acquired announced Renesas Dialog Semiconductor $5.9B Internet of Things, Mixed Signal Feb-21 Qualcomm Nuvia $1.4B Custom CPU core design for servers Jan-21 AMD Xilinx $35B Programmable chips Oct-20 SK hynix Intel NAND/SSD business unit $9B NAND/SSD Oct-20 High-speed interconnect and mixed- Marvell Inphi $10B Oct-20 signal IC Nvidia ARM (owned by Softbank) $40B Processor design technology Sep-20 Analog Devices Maxim $21B Analog & mixed signal products Jul-20 AMS OSRAM €4.6B Lighting technology Dec-19 Apple Intel business unit $1B Smartphone modem Jul-19 MCUs, software, connectivity Infineon Cypress Semiconductor €9B Jun-19 components
Marvell wireless connectivity NXP Semiconductors $1.76B WiFi and Bluetooth May-19 business unit ON Semiconductor Quantenna $1B WiFi Mar-19 Nvidia Mellanox $7B High performance networking technology Mar-19
Note: certain deals, including Nvidia-ARM, remain subject to governmental approval
Source: IAM-Media; press releases
Property of IPValue Management Inc. – All rights reserved. 2 SOXX Performance: Jan 2019 to Dec 2020
Source: Yahoo
Property of IPValue Management Inc. – All rights reserved. 3 Total 2020 M&A deals in the semiconductor space has been estimated at ~$100B
Source: Press releases
Property of IPValue Management Inc. – All rights reserved. 4 Some acquired portfolios were comparable to or larger than the acquiror’s portfolio
Property of IPValue Management Inc. – All rights reserved. 5 Technical focus of acquired portfolios vary widely for these deals
In many cases, the focus of the acquiror’s and acquiree’s portfolios are similar • AMD and Xilinx: G06F • Nvidia and ARM: G06F • Infineon and Cypress: H01L
In some cases, the portfolios are complementary • Marvell is stronger in H04L while Inphi in H01L • Analog is stronger in H06F while Maxim in H01L
Intel’s wireless business unit’s portfolio could be complementary to Apple’s portfolio
Property of IPValue Management Inc. – All rights reserved. 6 Large patent transfers have also been driven by commercialization and corporate strategy shifts
Example assignments of US patents in G06F, H01L, and H04L in 2019 and 2020
US Patents G06F H01L H04L Assignor Assignee Assigned (Symantec) Broadcom 1,598 886 0 712 IBM Pure Storage 1,163 1,003 0 160 Intel Apple 1,161 60 4 1,097 IBM Elpis Technologies 1,111 0 1,111 0 Intellectual Ventures Hanger Solutions 971 463 242 266 Glofo (Mubadala) Quarterhill 914 0 913 1 Glofo (Mubadala) TSMC 593 17 575 1 IBM Xperi 449 0 449 0 Altaba R2 Solutions 398 185 0 213 Marvell NXP 308 1 0 307 Toyota Denso 305 0 305 Toshiba Sharp 254 240 6 8 AMS Dolya Holdco 233 0 233 0 (Cypress) IPValue 220 52 168 0 Glofo (Mubadala) Marvell 214 89 101 24 Magnachip Key Foundry 201 0 200 1 Technicolor Magnolia Licensing 200 62 1 137 Intel Maxlinear 180 33 8 139 Seiko Epson IPValue 168 46 116 6
Property of IPValue Management Inc. – All rights reserved. 7 Thank you
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