Patent Landscape Shifts from M&A in the Semiconductor Industry

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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 www.ipvalue.com 3945 Freedom Circle, Suite 900 Santa Clara, CA USA 95054-1226 © IPValue Management Inc. All rights reserved..

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TJR-1197 Goodbye.Pdf
CYPRESS SEMICONDUCTOR CORPORATION Internal Correspondence Date: August 19, 2016 WW: 3316 To: All Cypress Employees Author: T.J. Rodgers Author File#: TJR#1197 Subject: Goodbye cc: BoD, Jim Collins, Larry Sonsini It’s 2:30 in the afternoon on August 17, my last official day at Cypress. After packing my stuff, I realized there were goodbyes to write. So, this won’t be a typical “TJ memo,” revised 10 times, logical and filled with fact-checked data; it will be more stream-of-consciousness in style. In a way, writing this memo is like talking to your wife of 34 years, while she’s on her deathbed. What do you say? I’ve enjoyed being with you? We’ve done a lot of good things together? There are really no appropriate words. But, perhaps there are. In the 1970 movie Patton, as the General leaves his command, he says, “Gentlemen, all good things must come to an end. And the best thing that has happened to me in my life has been the honor and privilege of commanding the 3rd Army. Goodbye, and God bless you.” This is the way I feel about Cypress. We have a lot to be proud of. Cypress was founded in December 1982, when there were 59 publically traded American chip companies. Today, only 15 of them are left—and we are one of the 15. That statement applies to every Cypress employee, whether you came from old Cypress, Spansion, Fujitsu, Broadcom or Ramtron. Each of us has made it in the industry for a long time; we all now fight together under one flag; and we’re all still around because we’ve earned the right to be.
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