Semtech acquires Triune Systems

Semtech has completed the acquisition of wireless charging technology expert Triune Systems, L.L.C. Approximately 35 employees of Triune with the majority of these employees based in Plano, Texas are going to be part of Semtech. Ross Teggatz, Founder and Chief Executive Officer of Triune Systems, will join Semtech as Senior Vice President and General Manager of Semtech's Power Management and High-Reliability Product Group reporting directly to Semtech's President and Chief Executive Officer, Mohan Maheswaran. Triune Systems offers range of wireless charging platforms in different power levels from 0.1W up to 20W while platforms in the prototype stage are expected to deliver up to 100W of power. Wearable, industrial and automotive segments are expected to adopt wireless charging significantly over the next few years. Acquisition of Triune Systems enable Semtech to expand its power supply offerings into fast growing area of wireless charging. Triune Systems also developed an isolated switching platform that is targeted at home automation and other industrial markets. Mohan Maheswaran, Semtech's President and Chief Executive Officer, stated, "Triune Systems has developed a number of innovative wireless charging platforms that address some exciting, emerging market segments. These platforms are very complementary to Semtech's current market focus. We are very excite...