LG Electronics makes major strategic investment in Active-Semi's power technology

Active?Semi, a leader in flexible, highly integrated semiconductor power management solutions, announced that LG Electronics is a major new investor in a round of strategic funding that will accelerate the development of power semiconductor solutions ideally suited for LG Electronics' diverse lines of industry-leading electronic products. "Active-Semi's power solutions with firmware meet LG Electronics' stringent next-generation electronic system space and cost requirements," said Dr. Sam Ha, Head of Energy Components Business, LG Electronics. "Our investment and joint collaboration with Active-Semi will enable fast and broad implementation of this flexible power application controller platform that scales across numerous product lines such as our smarthome appliances and air conditioning systems." LG Electronics will initially target Active-Semi's Power Application Controller (PAC)™ platform to enable rapid worldwide conversion to energy efficient home appliances, then expand to other applications that can leverage the benefits of the platform. LG Electronics joined Active-Semi's existing investors including U.S. Venture Partners, Tenaya Capital and others in this $7 million round of financing. "We are delighted about LG Electronics' strategic investment in Active-Semi," said Winston Fu, Chairman of Active-Semi and a general partner at U.S. Venture Partners. "We value them as a significant customer for Active-Semi's technology and as key member of the company's investment team." "LG Electronics is a long-time valued customer of our mobile charging solutions," said Larry Blackledge, CEO, at Active?Semi. "This new investment further validates our approach to developing the world's most energy efficient and flexible Power Application ControllerTM (PAC) platform. Active-Semi continues to sustain rapid acquisition of key customers who value the comprehensive power management functionality offered in our PAC platform as well as our LED lighting and mobile charging solutions, but at the lowest total cost of ownership." Active-Semi