Leading supplier of high-performance integrated circuits and system solutions Exar Corp. has completed its merger with Integrated Memory Logic Ltd. (iML), a leading provider of power management and color calibration solutions for large and medium-sized flat panel displays used in televisions and tablets.
“The merger with iML increases the diversity of our served markets and provides significant incremental scale,” says Exar president and CEO Louis DiNardo. “We are very excited about iML’s new product pipeline for display solutions in both large flat panel and tablet applications, as well as a the highly differentiated solutions for LED lighting. We can reduce cost and improving reliability in LED lighting. This is a powerful alternative to current solutions and we believe we can capture meaningful market share in this high growth market,” he concluded.
Shuen Chang, co-founder and CEO of iML, has been named president of Exar’s new iML display and lighting products.