Industry Semiconductors Website www.magnumsemi.com Number of employees 500 (2008) | Key people Gopal Solanki, CEO Founded January 2003 Type Subsidiary | |
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Headquarters Milpitas, California, United States | ||
Magnum Semiconductor Inc. is a video compression technology company. The headquarters of the company is in Milpitas, California. The company has an engineering branch at Waterloo, Ontario, Canada.
Magnum Semiconductor was formed in 2003 as a spinout of the Cirrus Logic Video Division which developed MPEG video recording and enabled consumer DVD recorders. Investors included August Capital, and Investcorp Technology Partners. In May 2007, a second round of $27 million in funding was announced, led by Investor Growth Capital, with new investors WK Technology Fund, KTB Ventures, and Gold Hill Capital.
Magnum acquired the consumer products division of LSI Corporation in June 2007, including Domino and Zevio video compression technology. The LSI division had started with the acquisition of C-Cube Microsystems, the first company to offer real time MPEG1 and MPEG2 compression. The company's products target both professional and consumer markets.
Magnum offers hardware, software, reference platforms, and engineering support for digital video recording, playback and management of audio/video content. The Magnum platforms also enable sharing entertainment via optical disc, flash disk and home networking.
Magnum's consumer products are found in video recorder products of consumer electronic manufacturers.
In February 2008 Gopal Solanki, from Nvidia, took over as the chief executive from Jack Guedj. A $12 million from NXT Capital Venture Finance was announced in October 2012.
In April 2016, Magnum was acquired by GigOptix, with the combined company rebranded as GigPeak. GigPeak was based in San Jose, California, and listed on the New York Stock Exchange with symbol GIG.