Murata is making the acquisition through its US subsidiary Peregrine Semiconductor Corp. (San Diego, Calif.). Arctic had raised about $30 million through two rounds of funding.
Both Murata and Dialog Semiconductor plc have invested in Arctic Sand as it progressed since its foundation in 2010 as spin off from Massachusetts Institute of Technology. Arctic's technology could produce power conversion circuits using switched-capacitor techniques that are 10 times smaller and 75 percent more efficient than traditional conversion systems, according to another investor, Arsenal Venture Partners.
Arctic introduced products in 2016 including the ARC1C0608 LED driver IC. Demand for low power high efficiency conversion is expected to grow as electronic equipment becomes smaller and thinner.
"With this acquisition, Peregrine and Murata gain Arctic Sand's disruptive technology, strong IP portfolio and world-class team," said Jim Cable, CEO of Peregrine Semiconductor, in a statement issued by Murata. "We will now leverage Peregrine’s semiconductor expertise to accelerate the adoption of Arctic Sand's technology and their ability to ship in volume, bringing us one step closer to dramatically smaller, lighter, faster and more efficient power solutions."
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