A Decade of Semiconductor Companies—1988 Edition to Keep Clients Informed of These New and Emerging Companies
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1988 y DataQuest Do Not Remove A. Decade of Semiconductor Companies 1988 Edition Components Division TABLE OF CONTENTS Page I. Introduction 1 II. Venture Capital 11 III. Strategic Alliances 15 IV. Product Analysis 56 Emerging Technology Companies 56 Analog ICs 56 ASICs 58 Digital Signal Processing 59 Discrete Semiconductors 60 Gallium Arsenide 60 Memory 62 Microcomponents 64 Optoelectronics 65 Telecommunication ICs 65 Other Products 66 Bubble Memory 67 V. Company Profiles (139) 69 A&D Co., Ltd. 69 Acrian Inc. 71 ACTEL Corporation 74 Acumos, Inc. 77 Adaptec, Inc. 79 Advanced Linear Devices, Inc. 84 Advanced Microelectronic Products, Inc. 87 Advanced Power Technology, Inc. 89 Alliance Semiconductor 92 Altera Corporation 94 ANADIGICS, Inc. 100 Applied Micro Circuits Corporation 103 Asahi Kasei Microsystems Co., Ltd. 108 Aspen Semiconductor Corporation 111 ATMEL Corporation 113 Austek Microsystems Pty. Ltd. 116 Barvon Research, Inc. 119 Bipolar Integrated Technology 122 Brooktree Corporation 126 California Devices, Ihc. 131 California Micro Devices Corporation 135 Calmos Systems, Inc. 140 © 1988 Dataquest Incorporated June TABLE OF CONTENTS (Continued) Pagg Company Profiles (Continued) Calogic Corporation 144 Catalyst Semiconductor, Inc. 146 Celeritek, Inc. ISO Chartered Semiconductor Pte Ltd. 153 Chips and Technologies, Inc. 155 Cirrus Logic, Inc. 162 Conductus Inc. 166 Cree Research Inc. 167 Crystal Semiconductor Corporation 169 Custom Arrays Corporation 174 Custom Silicon Inc. 177 Cypress Semiconductor Corporation 181 Dallas Semiconductor Corporation 188 Dolphin Integration SA 194 Elantec, Inc. 196 Electronic Technology Corporation 200 Epitaxx Inc. 202 European Silicon Structures 205 Exel Microelectronics Inc. 209 G-2 Incorporated 212 GAIN Electronics 215 Gazelle Microcircuits, Inc. 218 Genesis Microchip Inc. 221 GigaBit Logic, Inc. 223 GL Micro Devices 229 Graphics Communications Technology 231 Harris Microwave Semiconductor, Inc. 232 Hittite Microwave Corporation 236 Hualon Micro-Electronics Corporation 238 HYPRES, Inc. 241 IC Sensors, Inc. 245 ICI Array Technology, Inc. 248 Inmos International, pic 250 Innovative Silicon Technology 254 Integrated CMOS Systems Inc. 256 Integrated Device Technology 259 Integrated Logic Systems, Inc. 268 Intercept Microelectronics 271 International CMOS Technology, Inc. 273 International Microelectronic Products 278 ii Isocom Limite©d 1988 Dataquest Incorporated June 284 IXYS Corporation 286 TABLE OF CONTENTS (Continued) Page V. Company Profiles (Continued) Krysalis Corporation 290 Kyoto Semiconductor Corporation 293 Lattice Semiconductor Corporation 294 Level One Communications Inc. 300 Linear Integrated Systems Inc. 304 Linear Technology Corporation 306 Logic Devices Inc. 315 LOGICSTAR Inc. 319 LSI Logic Corporation 321 Lytel 333 Matra-Harris Semiconducteur 335 Maxim Integrated Products, Inc. 340 MCE Semiconductor Inc. 348 MemTech Technology Corporation 351 Micro Linear Corporation 353 Micron Technology, Inc. 356 Microwave Monolithics 362 Microwave Technology, Inc. 364 Mietec N.V. 367 Modular Semiconductor, Inc. 369 Molecular Electronics Corporation 371 MOS Electronics Corporation 373 Nihon Information Center Co., Ltd. 377 NMB Semiconductor Corporation 378 NovaSensor 381 Novix Inc. 383 Opto Diode Corporation 386 Opto Tech Corporation 387 Orbit Semiconductor, Inc. 389 Pacific Monolithics, Inc. 391 Performance Semiconductor Corporation 393 Photonic Integration Research, Inc. 397 PLX Technology Corporation 398 Powerex, Inc. 400 PromTech 403 Quasel Taiwan Company, Limited 405 Ramax Limited 407 Ramtron Corporation 409 Samsung Semiconductor, Inc. 413 Saratoga Semiconductor Corporation 418 SEEQ Technology© 198, Inc8 Dataques. t Incorporated June 423ii i Sensym, Inc. 428 TABLE OF CONTENTS (Continued) Page V. Company Profiles (Continued) SID Microelectronics S.A. 431 Sierra Semiconductor Corporation 433 Si-Fab Corporation 440 Silicon Systems, Inc. 442 SIMTEK Corporation 447 S-MOS Systems Inc. 448 Solid State Optronics Inc. 453 Spectrum Microdevices 455 Synaptics, Inc. 457 Synergy Semiconductor Corporation 458 Tachonics Corporation 461 Taiwan Semiconductor Manufacturing Company, Limited 465 Telcom Devices Corporation 468 Teledyne Monolithic Microwave 469 Three-Five Systems, Inc. 471 Topaz Semiconductor Inc. 473 Triad Semiconductors International 476 TriQuint Semiconductor, Inc. 479 United Microelectronics Corporation 484 Universal Semiconductor Inc. 490 Vitelic Corporation 494 Vitesse Semiconductor Corporation 498 VLSI Design Associates, Inc. 504 VLSI Technology, Inc. 506 VTC Incorporated 519 WaferScale Integration, Inc. 526 Weitek Corporation 532 Wolfson Microelectronics Limited 538 Xicor, Inc. 540 Xilinx Incorporated 546 XTAR Corporation 549 Zoran Corporation 551 ZyMOS Corporation 556 iv © 1988 Dataquest Incorporated June FILE COPY LIST OF TABLES Do Not RemovG laMe Page la-Ik Start-up Activity By Year (1977-1987) 3 2a Companies No Longer Operating (11) 10 2b Companies That Have Been Acquired or Merged 10 3 Capitalization by Company 12 4 Alliances Matrix by Year/Product Area 17 5a-5k List of Alliances by Year 18 6 Emerging Technology Companies 56 7 Companies Offering Analog ICs 57 8 Companies Participating in the ASIC Market 58 9 Companies Offering DSP Products 59 10 Companies Offering Discrete Products 60 11 Companies Offering GaAs Products 61 12 Companies Offering Memory Products 63 13 Companies Offering Microcomponent Products 64 14 Companies Offering Optoelectronic Products 65 15 Companies Offering Telecommunication ICs 66 16 Companies Operating as Foundries 67 © 1988 Dataquest Incorporated June .j\' v Ti ^ r I C 'A w LIST OF FIGURES Figure £ag& 1 Start-Up Activity by Year (1957-1987) 2 2 Venture Capital Disbursements 11 3 Financing Raised by Year 15 4 Alliances By Year/Product 16 vi © 1988 Dataquest Incorporated June I. INTRODUCTION Dataquest has noted 157 semiconductor companies formed between 1977 and 1987. These companies are developing new niche markets and technologies that did not exist only a few years ago. Several companies have already become $100 million companies. Although several start-ups have failed, these have been replaced quickly by newcomers. For this reason, Dataquest believes that it is crucial to watch these swiftly moving companies—the industry's barometers of change—because they represent new emerging technologies, markets, and applications. For our clients' convenience, Dataquest has prepared A Decade of Semiconductor Companies—1988 Edition to keep clients informed of these new and emerging companies. The information contained in the report was gathered through surveys, telephone interviews, and publicly available material. Some of the text was integrated verbatim from background information provided by the companies. This information may or may not reflect Dataquest's view of these companies. This report provides the following information: • Recent company formations • Financing raised by companies • Strategic alliances • Product participation in the ASIC, digital signal-processing, gallium arsenide, linear, memory, microprocessor, and other markets. • Up-to-date profiles of 139 companies Definition of Start-Ups Dataquest defines IC start-ups as semiconductor manufacturers that design and ship finished products under their own labels; they need not have in-house wafer fabrication facilities. We observed that, due to the high cost of state-of-the-art plants and equipment, most start-ups use silicon foundries to reduce up-front costs. These companies complete circuit designs and subcontract manufacturing to other companies. Unlike custom design houses, these companies offer product lines. Dataquest has made the following observations: • The 157 companies reported in this edition represent a 19 percent increase over the 127 companies reported in IC Start-Ups 1987. • Fifteen companies were established in 1987. • Of the 157 companies formed between 1977-1987 (see Figure 1), 84 were in Silicon Valley; of the 15 companies formed in 1987, 7 are in Silicon Valley. © 1988 Dataquest Incorporated June The 11 companies that have closed represent 7 percent of the 157 companies formed. Seven companies were acquired. The companies have made numerous strategic alliances (more than 82 in 1987) in recent years. The companies raised about $685 million in financing in 1987 and raised a total of about $2.9 billion in the last 10 years. Figure 1 Start-Up Activity by Year (1957-1987) Number of Companies 40 1957 1962 1967 1972 1977 1982 1987 Source: Dataquest June 1988 Start-Up Activity, 1986 and 1987 In 1987, a remarkable number of new companies were formed after the dramatic drop in company formations in 1986. After the rapid emergence of companies between 1983 and 1985, venture capital firms shifted their interest from semiconductors to other areas, and only 9 companies received seed or first-round financing in 1986. However, 15 companies received seed or first-round financing in 1987, and based on past experience, we expect to see more companies as they raise initial financing and complete development efforts. One of the reasons for the increase in company formations in 1987 is the development of unique technologies. These new companies are using and/or commercializing a variety of technologies that include neural networks, super conductivity, ferroelectric memory, silicon carbide, and optical ICs. © 1988 Dataquest Incorporated June Another factor that has affected the number of companies being formed is the investment by companies that are relatively young themselves. Rather than