SUNNYVALE, Calif.-Semiconductor supplier Advanced Analogic Technologies Inc. filed for a $172.5 million initial public offering. The company filed for the ticker symbol AATI.
Advanced Analogic Technologies supplies application-specific power management technologies for electronic devices. The company offers more than 400 power management products comprising Power Management ASSPs and selected general-purpose analog ICs in single-chip and multi-chip packages. The company sells directly to leading original equipment manufacturers, including LG Electronics Co. Ltd., Motorola Inc., Sagem, Sony Ericsson and Samsung Electronics Co. Ltd. The company also sells through distributors and original design manufacturers to other system designers, including Hewlett-Packard Co., Dell Computer Corp., Texas Instruments Inc., VK, Curitel and Xinwei.
According to market research firm iSuppli Corp., the voltage regulator and reference power management semiconductor market is expected to grow from $6.1 billion this year to $11.5 billion in 2009, with a compound annual growth rate of 16.9 percent.
Advanced Analogic Technologies posted revenues of $51.3 million and a net income of $15.1 million in 2004, up from $26.5 million in revenues and $873,000 in net income in 2003.
