CML Microcircuits Looks to Boost Its Global Business Following Chinese Sicomm Acquisition
Wednesday 16 November 2016
Maldon, Essex - Following the announcement of its parent company in the acquisition of Sicomm Technologies Ltd, a leading Chinese ASIC design house, CML Microcircuits is set to expand its Digital Mobile Radio (DMR) market penetration.
Founded in 2003, Sicomm is a leading fabless semiconductor company and solutions provider specialising in the development of integrated baseband processor and RF semiconductors for global wireless communication markets. Headquartered in Wuxi China, with offices in Shanghai and Quanzhou, Sicomm's product range is targeted for use within consumer, industrial and professional radio applications. Since its inception, the company has built a large portfolio of customers whose designs require the right balance between cost, functionality and technical performance.
This acquisition, valued at $11 million, paves the way for CML Microcircuits to bring to market a new range of products including a digital radio baseband protocol processor IC with embedded vocoder.
“This acquisition from our parent company gives CML Microcircuits a new exciting range of product lines to continue the steady growth that we have seen whilst furthering our ethos of innovating and developing ground-breaking commercial offerings for our markets.”, said Mike Gurry, CML’s Managing Director.
“We are very excited by this opportunity to build a stronger future for Sicomm in joining with CML Microsystems Plc. Using CML’s expertise and strategic international contacts will be critical for us as we continue to strive for global growth and are looking forward to achieving this together”, said Zhongming Shi, Sicomm’s Chief Executive Officer.