2014-05-28 11:22 PM
SAN JOSE, Calif.--(BUSINESS WIRE)--May 28, 2014--Aptina has entered an agreement to purchase CFA (Color Filter Array) processing and probe imaging assets from Micron Technology, Inc. In addition, Aptina will lease from Micron the Nampa, Idaho fabrication facility known as Fab 9D where the CFA processing is located.
"Our growing revenues and strong financial position have enabled Aptina to purchase these assets and add great people which gives us a strategic advantage in the marketplace," said Phil Carmack, CEO of Aptina. "Our ability to tightly integrate the entire R&D cycle accelerates innovation and enables us to uniquely support our customers."
"We are very excited to nearly double our presence in Idaho with the addition of the CFA and probe imaging teams," said Jeff Mendiola, VP of Operations for Aptina. "This is a world-class team that is committed to excellence and helping Aptina continue to deliver high-quality image sensors to its customers."
"The operating advantages of this deal will flow directly to the bottom line," said Tony Alvarez, Chief Operating Officer of Aptina. "The ability to innovate, such as we have done with Aptina Clarity+ technology, and customize CFA will drive growth opportunities in all of our market segments including automotive, mobile and surveillance."
The purchase is expected to close in the third quarter of this calendar year.
For more insight on this purchase and other Aptina experiences, visit our Experience Vision blog at: blog.aptina.com
Aptina is a global provider of intelligent imaging solutions. Aptina has created unique innovations with image sensor technologies such as Aptina Clarity+? to deliver high-quality, rich images in challenging environments. Aptina patented imaging solutions are in leading consumer electronics devices like smartphones, tablets, laptops, gaming, wearables and digital cameras, as well as embedded and industrial solutions for automotive, surveillance, video conferencing, scanning and medical. Learn more at www.aptina.com.
c2014 Aptina Imaging Corporation. All rights reserved. Information is subject to change without notice. Aptina, the Aptina logo, and Clarity+ are trademarks of Aptina Imaging Corporation. All other trademarks are the property of their respective owners.
Mark Wilson, 408-660-2298
Marketing Communications Manager
KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CALIFORNIA IDAHO
INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES TECHNOLOGY HARDWARE AUDIO/VIDEO SEMICONDUCTOR MOBILE/WIRELESS MANUFACTURING ENGINEERING AUTOMOTIVE OTHER AUTOMOTIVE
Copyright Business Wire 2014
PUB: 05/28/2014 11:00 AM/DISC: 05/28/2014 11:00 AM