SAN DIEGO, Dec. 20, 2012 (GLOBE NEWSWIRE) -- Entropic Communications (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, proudly announced the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry, awarded Entropic the 2012 GSA Award in the "Most Respected Public Semiconductor Company Achieving $100 million to $250 million in Annual Sales" category.
The GSA Awards are presented annually to outstanding semiconductor companies worldwide that have demonstrated excellence through their success, vision and strategy in the industry. Award winners are selected by GSA members, whom evaluate products and future opportunities associated with a company's silicon solutions and business model.
Entropic is the only pure-play platform semiconductor company in connected home entertainment. The Company offers a diverse portfolio of connectivity and set-top box (STB) system-on-a-chip (SoC) solutions that reliably and securely, deliver and process multimedia digital content into and throughout the home."We congratulate Entropic on receiving a prestigious 2012 GSA Award," said Jodi Shelton, co-founder and president, GSA. "Entropic has undergone an impressive evolution over the past year, making two key acquisitions to further fuel Pay-TV operators' shift from traditional broadcast to streaming, IP-based video delivery." In April 2012, Entropic completed its acquisition of Trident Microsystems' STB SoC business. With this transaction, the Company expanded its presence in the connected home entertainment market by obtaining complementary assets, intellectual property (IP), patents, core competencies and products that addressed a much larger available market, while expanding the Company's international presence and diversifying its revenue base. In July 2012, Entropic acquired specific direct broadcast satellite (DBS) IP and corresponding technologies from PLX Technology, Inc. to accelerate its DBS outdoor unit product roadmap. Both acquisitions provided Entropic a path to future technologies, and highly integrated product roadmaps to help serve the global service provider market.