Taiwanese Parade Technologies Completes Acquisition of USB Company Fresco Logic

Parade Technologies, Ltd., high-speed data transport IC supplier, announces the completion of its acquisition of Fresco Logic, Inc. for an aggregate purchase price of $37.5 million in cash.

It believes the synergy of Fresco’s USB expertise with its high-speed data transport experience will benefit its USB4 product integration development.

Leveraging the IP portfolio of each company should serve to position Parade as a key supplier of integrated solutions for USB4 host, hub, docking, and device applications.

In interface devices for USB, PCIe, and DisplayPort, all of which will now be supported through the high-speed USB4 interface, the acquisition of Fresco Logic presents an evolutionary growth opportunity for Parade.

Parade is a lsupplier of mixed-sgnal ICs for a variety of deployed high-speed data interface standards used in PCs, enterprise systems, consumer electronics, and display panels. The fabless semiconductor company was founded in 2005 and publicly listed on Taipei Exchange in 2011. Its portfolio of IC products serves the growing demand for HDMI, DisplayPort, PCIe, and USB ICs for interface, display, and storage applications.

it is also an active participant in industry standards-setting organizations. Parade Technologies, Inc., a wholly-owned US-based subsidiary of Parade Technologies, Ltd., is an active member of the Video Electronics Standards Association (VESA), USB Implementers Forum, PCI Special Interest Group, HDMI Forum, MIPI Alliance, and other related standards development organizations.

The firm leverages its relationships with tier-1 OEMs to develop ICs that provide system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.