Standard Microsystems in Hauppauge buys Dutch designer
Semiconductor maker Standard Microsystems Corp., of Hauppauge, has bought a Dutch wireless product design company.
Standard Microsystems, also known as SMSC, closed on the $22 million sale Monday.
Wireless Audio IP B.V., the acquired company, makes plug-and-play wireless products for home theater, headphones, LED TVs, PCs, gaming and automotive entertainment. It does not make its own products, but outsources manufacturing.
SMSC’s new acquisition will enable it to offer a full range of products allowing consumers to “enjoy state-of-the-art entertainment in the home, in the car or on the go,” SMSC said in a Monday news release.
Headquartered in Amsterdam, the newly acquired company has offices in Singapore and China.
--------------------
Read more of Inside Long Island Business
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
