ASMedia to acquire Techpoint for $390m.

ASMedia, a fabless semiconductor company specializing in high-speed transmission interface IC design, agreed to acquire Techpoint, a semiconductor company developing proprietary high-definition video connectivity technology targeting high-definition video security systems, for $390m. “This acquisition of Techpoint is a landmark step in ASMedia’s strategic development, which will broaden our business portfolio and accelerate our profitable growth. The Techpoint team has built a leading video connectivity technology serving the automotive and security industries, which is complementary and accretive to ASMedia’s high-speed transmission solutions. We look forward to working closely with the talented Techpoint team that has shared commitments to innovation to accelerate technology advancements," Che-Wei Lin, ASMedia President.