STMicroelectronics and Quantenna Enter Strategic Licensing Agreement
STMicroelectronics to integrate Quantenna's award-winning
802.11ac Wi-Fi technology into various system-on-chip platforms
Fremont, Calif. and Geneva - May 7, 2013 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and Quantenna Communications, Inc., a leader in ultra-reliable Wi-Fi networking for whole-home entertainment, announced today that they have signed a non-exclusive worldwide licensing agreement giving ST the ability to integrate Quantenna IP into its broad array of systems-on-chips and giving Quantenna the ability to leverage the entire ecosystem of ST's entertainment, networking and security products.
"Wi-Fi is becoming a crucial connectivity technology for a wide range of products where ST is a leading semiconductor supplier," said Gianluca Bertino, Executive Vice President and General Manager Digital Convergence Group, STMicroelectronics. "Integrating Quantenna's best-in-class 802.11ac technology, including the 4x4 configuration as well as other MIMO configurations like 3x3 and 2x2, into our products will enable us to further expand our leadership position in several market segments."
"We are proud to work with a top semiconductor company like ST," said Dr. Sam Heidari, Chief Executive Officer of Quantenna. "This licensing agreement opens a new chapter in Quantenna's strategy and enables us to position ourselves into new markets as well as leverage ST's exceptional customer and geographical diversity."
The two companies have started joint engineering integration efforts and the first ST products incorporating Quantenna Wi-Fi are expected to be introduced next year.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on ST can be found at www.st.com.
About Quantenna Communications, Inc.
Quantenna Communications, Inc. is a fabless semiconductor company developing standards-based 802.11n and 802.11ac MIMO chipsets that deliver the highest levels of performance, speed and reliability for wireless networks and devices. Headquartered in Fremont, Calif., Quantenna has assembled a management and engineering team with a long track record of start-up success, and is backed by leading venture capital firms, including Sequoia Capital, Venrock, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, Rusnano, Swisscom Ventures, Grazia Equity, and Telefónica Digital. Quantenna was recently named to Wall Street Journal's 2012 list of top 50 start-ups. For additional information, please visit www.quantenna.com.
Quantenna(TM), the logo, and Full-11n(TM) are the trademarks of Quantenna Communications and its affiliates in the United States and certain other countries. Wi-Fi® is a trademark of the Wi-Fi Alliance. Any other trademarks are the property of their respective owners.
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Source: STMicroelectronics via Thomson Reuters ONE