Silicon Image is an American semiconductor design company. The company manufactures a variety of integrated circuits commonly used in modern computers and consumer electronic devices, but is focused on storage, distribution and presentation of high-definition content in the consumer electronics, personal computing, and mobile device markets. The company was founded in 1995, and is traded on the NASDAQ market under the symbol SIMG. The company, which employs around 600 people, is headquartered in Sunnyvale, California.
Simplay Labs, LLC, a wholly owned subsidiary of Silicon Image, offers testing tools, technologies, support services, consulting and product certification to electronics manufacturers to increase performance, interoperability and ensure quality.
The company's products include high-speed communications devices for use in DVI capable displays and PCs, HDMI set-top boxes, DVD players, AV receivers, displays, PCs and mobile devices; and SATA chipsets for internal and external hard disk drives.
Silicon Image, Inc. (Silicon Image), incorporated on June 11, 1999, is a provider of advanced, interoperable connectivity solutions that enable the reliable distribution and presentation of high-definition (HD) content for consumer electronics (CE), mobile, and personal computer (PC) markets. The Company delivers its technology via semiconductor and intellectual property (IP) products. Silicon Image has driven the creation of high-definition multimedia interface (HDMI) and digital televisions (DVI) industry standards, as well as the standards for mobile devices-serial port memory technology (SPMT) and mobile high-definition link (MHL). Through its wholly owned subsidiary, Simplay Labs, LLC, Silicon Image offers manufacturers standard interoperability and compliance testing services. The Company is engaged in semiconductors and IP solutions for the secure storage, distribution and presentation of high-definition content. The Company sells its products to original product manufacturers (OEMs) throughout the world using a direct sales force and through a network of distributors and manufacturer’s representatives. Its revenue is generated principally by sales of its semiconductor products, with other revenues derived from IP core/design licensing and royalty and adopter fees from its standards licensing activities.
CE (DTV & Mobile)
HDMI port processors are targeted for CE products, such as DTV’s, AV receivers, sound bars and home-theater-in-a-box (HTIB). Its port processors support the HDMI specification and can switch between up to five HDMI inputs using its InstaPort technology. With InstaPort technology, switching time between various HDMI devices attached to a DTV is reduced from approximately five seconds to approximately one second. During the year ended December 31, 2010, the Company introduced a version of its InstaPort technology-InstaPort S technology, which will enable DTV manufacturers with either MHL or HDMI inputs to achieve single-second port switching. In 2010, the Company introduced two DTV port processors, the SiI9381A and SiI9387A. The SiI9381A port processor seamlessly interfaces with MHL-enabled mobile devices such as mobile phones and tablets. The SiI9381A also supports four HDMI inputs with InstaPort S-Silicon Image’s single-second HDMI port switching technology and integrates HDMI 1.4 Audio Return Channel and Content Type detection.
The Company’s HDMI transmitter products are targeted for CE and mobile products, such as Blu-Ray players, set top boxes (STBs), digital camcorders, smartphones, tablets, and audio/video (A/V) receivers. HDMI transmitters convert digital video and audio into HDMI format enabling products to connect to DTV’s, AV receivers, and PC monitors that have HDMI inputs. Its MHL transmitter products are targeted for mobile devices, such as digital cameras and camcorders, smartphones, and tablets. MHL transmitters convert digital video into the MHL format enabling mobile devices to connect to DTV’s and monitors with MHL inputs, or alternatively, to connect to DTV’s and monitors with HDMI inputs via an MHL-to-HDMI adapter. In 2010, the Company introduced the SiI9244, an MHL transmitter for HD video and audio designed for power-sensitive consumer electronics devices such as mobile phones, digital cameras, portable media players and HD camcorders. Eliminating the need for an extra connector, the SiI9244 enables a low-pin count connectivity solution for the delivery of HD content.
The Company’s MHL-to-HDMI bridge products are targeted for docking stations and adapters, connecting new MHL mobile products with existing HDMI enabled DTV’s and monitors. In 2010, the Company introduced the SiI9292, an MHL-to-HDMI bridge, which is integral to the design of low-power, MHL-to-HDMI accessory devices, such as docking stations, converters and adapters, enabling HD video and audio connectivity between MHL-ready mobile devices and HDTVs with HDMI inputs. Its HDMI receiver products are targeted for high-definition displays, such as projectors and PC monitors, as well as AV receivers (AVRs). HDMI receivers convert an incoming encrypted serialized stream to digital video and audio, which is then processed by a television or PC monitor for display.
PC
The Company’s MHL/HDMI-to-HDMI bridge products are targeted for high-definition displays, such as PC monitors and DTVs, enabling added support for MHL. In 2010, the Company introduced the SiI1292, an MHL/HDMI-to-HDMI bridge, that is designed to enable single port displays such as HDTVs, PC monitors, multi-function monitors or HD projectors, to connect to MHL-enabled mobile devices via an MHL cable. Its DVI receiver products are targeted for high-definition PC displays, such as monitors and projectors.
Storage
The Company provides a line of serial advanced technology attachment (SATA) controllers used in PC, DVR and network attached storage (NAS) applications. The generation of controllers provides the SATA Gen II features, including eSATA signal levels, three gigabyte per second, native command queuing (NCQ), hot-plug and port multiplier support. The Company bridge products, such as the SiI3811 provide PC OEMs with a solution that connects legacy PATA optical drives to the current generation of motherboard chip sets and are used primarily in desktop and laptop PC applications. SteelVine storage processor architecture integrates the capabilities of a complex redundant array of independent disks (RAID) controller into a single-chip architecture. SteelVine storage processors deliver enterprise-class features, such as virtualization, RAID, hot-plug and hot spare, in a single system-on-a-chip (SoC). Storage processors are shipping in PC motherboards, as well as external storage solutions.
The Company competes with Analog Devices, Analogix Semiconductor, Parade Technologies and NXP. Broadcom, Intel, MediaTek, Mstar, Trident, Zoran, Marvell, STM, Qualcomm, TI, ST Ericsson, AMD, ACARD, Atmel, J-Micron, nVidia, Silicon Integrated Systems and VIA Technologies.
Silicon Image SiI3112 Serial ATA controller chips have a quirk which can cause problems with certain hard drives. When writes of larger than 8 kByte in size are sent to the drive, the controller may send Serial ATA Data FISes which are not split on a 512-byte boundary. This behavior is allowed by the Serial ATA specification, however some older Seagate drives cannot deal with this and lock up when receiving such frames. The workaround when using the affected drives with these controllers requires limiting writes to the disk to 15 sectors at a time, which has a performance impact.
Silicon Image SiI3114 and SiI3512 have another issue that shows up when writing blocks of more than 8 kByte to the drive. Under some timing conditions, the controller may incorrectly send an R_ERR response to the drive in response to a DMA Activate FIS. This can be prevented by a controller configuration change made by the driver.
OVERALL
Beta: 1.58
Market Cap (Mil.): $665.37
Shares Outstanding (Mil.): 79.49
Annual Dividend: --
Yield (%): --
FINANCIALS
SIMG.O Industry Sector
P/E (TTM): 45.10 29.29 21.01
EPS (TTM): 113.56 -- --
ROI: 7.56 6.09 16.02
ROE: 8.04 6.30 17.63
Key days
September 2009: Silicon Image Joins Mobile High-Definition Interface Working Group
July 2009: 3D Product Portfolio Announced
June 2009: HDMI Specification Version 1.4 Released
May 2009: Silicon Image Joins Serial Port Memory Technology (SPMT) Consortium
April 2008: Silicon Image Joins Working Group to Drive New Memory Interface Standard
March 2008: The number of firms adopting the HDMI standard surpasses 800
June 2007: Silicon Image shipped its 1 millionth DTV Input Processor
December 2006: HDMI Adopters Reach 500th milestone
February 2005: Silicon Image ships 100 millionth chip
October 1999: Silicon Image raises $46.8 million in Initial Public Offering
Name Age Since Current Position
Peter Hanelt 66 2005 Chairman of the Board
Camillo Martino 48 2010 Chief Executive Officer, Director
Noland Granberry 48 2010 Chief Financial Officer
Timothy Vehling 44 2010 Vice President - Products Business Group
Eric Almgren 45 2010 Vice President - IP Business Group
Edward Lopez 51 2010 Chief Legal and Administrative Officer
Masood Jabbar 61 2005 Independent Director
William George 68 2005 Independent Director
John Hodge 44 2006 Independent Director
William Raduchel 65 2005 Independent Director
COMPANY ADDRESS
Silicon Image Inc
1060 East Arques Avenue
Sunnyvale CA 94085
Simplay Labs, LLC, a wholly owned subsidiary of Silicon Image, offers testing tools, technologies, support services, consulting and product certification to electronics manufacturers to increase performance, interoperability and ensure quality.
The company's products include high-speed communications devices for use in DVI capable displays and PCs, HDMI set-top boxes, DVD players, AV receivers, displays, PCs and mobile devices; and SATA chipsets for internal and external hard disk drives.
Silicon Image, Inc. (Silicon Image), incorporated on June 11, 1999, is a provider of advanced, interoperable connectivity solutions that enable the reliable distribution and presentation of high-definition (HD) content for consumer electronics (CE), mobile, and personal computer (PC) markets. The Company delivers its technology via semiconductor and intellectual property (IP) products. Silicon Image has driven the creation of high-definition multimedia interface (HDMI) and digital televisions (DVI) industry standards, as well as the standards for mobile devices-serial port memory technology (SPMT) and mobile high-definition link (MHL). Through its wholly owned subsidiary, Simplay Labs, LLC, Silicon Image offers manufacturers standard interoperability and compliance testing services. The Company is engaged in semiconductors and IP solutions for the secure storage, distribution and presentation of high-definition content. The Company sells its products to original product manufacturers (OEMs) throughout the world using a direct sales force and through a network of distributors and manufacturer’s representatives. Its revenue is generated principally by sales of its semiconductor products, with other revenues derived from IP core/design licensing and royalty and adopter fees from its standards licensing activities.
CE (DTV & Mobile)
HDMI port processors are targeted for CE products, such as DTV’s, AV receivers, sound bars and home-theater-in-a-box (HTIB). Its port processors support the HDMI specification and can switch between up to five HDMI inputs using its InstaPort technology. With InstaPort technology, switching time between various HDMI devices attached to a DTV is reduced from approximately five seconds to approximately one second. During the year ended December 31, 2010, the Company introduced a version of its InstaPort technology-InstaPort S technology, which will enable DTV manufacturers with either MHL or HDMI inputs to achieve single-second port switching. In 2010, the Company introduced two DTV port processors, the SiI9381A and SiI9387A. The SiI9381A port processor seamlessly interfaces with MHL-enabled mobile devices such as mobile phones and tablets. The SiI9381A also supports four HDMI inputs with InstaPort S-Silicon Image’s single-second HDMI port switching technology and integrates HDMI 1.4 Audio Return Channel and Content Type detection.
The Company’s HDMI transmitter products are targeted for CE and mobile products, such as Blu-Ray players, set top boxes (STBs), digital camcorders, smartphones, tablets, and audio/video (A/V) receivers. HDMI transmitters convert digital video and audio into HDMI format enabling products to connect to DTV’s, AV receivers, and PC monitors that have HDMI inputs. Its MHL transmitter products are targeted for mobile devices, such as digital cameras and camcorders, smartphones, and tablets. MHL transmitters convert digital video into the MHL format enabling mobile devices to connect to DTV’s and monitors with MHL inputs, or alternatively, to connect to DTV’s and monitors with HDMI inputs via an MHL-to-HDMI adapter. In 2010, the Company introduced the SiI9244, an MHL transmitter for HD video and audio designed for power-sensitive consumer electronics devices such as mobile phones, digital cameras, portable media players and HD camcorders. Eliminating the need for an extra connector, the SiI9244 enables a low-pin count connectivity solution for the delivery of HD content.
The Company’s MHL-to-HDMI bridge products are targeted for docking stations and adapters, connecting new MHL mobile products with existing HDMI enabled DTV’s and monitors. In 2010, the Company introduced the SiI9292, an MHL-to-HDMI bridge, which is integral to the design of low-power, MHL-to-HDMI accessory devices, such as docking stations, converters and adapters, enabling HD video and audio connectivity between MHL-ready mobile devices and HDTVs with HDMI inputs. Its HDMI receiver products are targeted for high-definition displays, such as projectors and PC monitors, as well as AV receivers (AVRs). HDMI receivers convert an incoming encrypted serialized stream to digital video and audio, which is then processed by a television or PC monitor for display.
PC
The Company’s MHL/HDMI-to-HDMI bridge products are targeted for high-definition displays, such as PC monitors and DTVs, enabling added support for MHL. In 2010, the Company introduced the SiI1292, an MHL/HDMI-to-HDMI bridge, that is designed to enable single port displays such as HDTVs, PC monitors, multi-function monitors or HD projectors, to connect to MHL-enabled mobile devices via an MHL cable. Its DVI receiver products are targeted for high-definition PC displays, such as monitors and projectors.
Storage
The Company provides a line of serial advanced technology attachment (SATA) controllers used in PC, DVR and network attached storage (NAS) applications. The generation of controllers provides the SATA Gen II features, including eSATA signal levels, three gigabyte per second, native command queuing (NCQ), hot-plug and port multiplier support. The Company bridge products, such as the SiI3811 provide PC OEMs with a solution that connects legacy PATA optical drives to the current generation of motherboard chip sets and are used primarily in desktop and laptop PC applications. SteelVine storage processor architecture integrates the capabilities of a complex redundant array of independent disks (RAID) controller into a single-chip architecture. SteelVine storage processors deliver enterprise-class features, such as virtualization, RAID, hot-plug and hot spare, in a single system-on-a-chip (SoC). Storage processors are shipping in PC motherboards, as well as external storage solutions.
The Company competes with Analog Devices, Analogix Semiconductor, Parade Technologies and NXP. Broadcom, Intel, MediaTek, Mstar, Trident, Zoran, Marvell, STM, Qualcomm, TI, ST Ericsson, AMD, ACARD, Atmel, J-Micron, nVidia, Silicon Integrated Systems and VIA Technologies.
Silicon Image SiI3112 Serial ATA controller chips have a quirk which can cause problems with certain hard drives. When writes of larger than 8 kByte in size are sent to the drive, the controller may send Serial ATA Data FISes which are not split on a 512-byte boundary. This behavior is allowed by the Serial ATA specification, however some older Seagate drives cannot deal with this and lock up when receiving such frames. The workaround when using the affected drives with these controllers requires limiting writes to the disk to 15 sectors at a time, which has a performance impact.
Silicon Image SiI3114 and SiI3512 have another issue that shows up when writing blocks of more than 8 kByte to the drive. Under some timing conditions, the controller may incorrectly send an R_ERR response to the drive in response to a DMA Activate FIS. This can be prevented by a controller configuration change made by the driver.
OVERALL
Beta: 1.58
Market Cap (Mil.): $665.37
Shares Outstanding (Mil.): 79.49
Annual Dividend: --
Yield (%): --
FINANCIALS
SIMG.O Industry Sector
P/E (TTM): 45.10 29.29 21.01
EPS (TTM): 113.56 -- --
ROI: 7.56 6.09 16.02
ROE: 8.04 6.30 17.63
Key days
September 2009: Silicon Image Joins Mobile High-Definition Interface Working Group
July 2009: 3D Product Portfolio Announced
June 2009: HDMI Specification Version 1.4 Released
May 2009: Silicon Image Joins Serial Port Memory Technology (SPMT) Consortium
April 2008: Silicon Image Joins Working Group to Drive New Memory Interface Standard
March 2008: The number of firms adopting the HDMI standard surpasses 800
June 2007: Silicon Image shipped its 1 millionth DTV Input Processor
December 2006: HDMI Adopters Reach 500th milestone
February 2005: Silicon Image ships 100 millionth chip
October 1999: Silicon Image raises $46.8 million in Initial Public Offering
Name Age Since Current Position
Peter Hanelt 66 2005 Chairman of the Board
Camillo Martino 48 2010 Chief Executive Officer, Director
Noland Granberry 48 2010 Chief Financial Officer
Timothy Vehling 44 2010 Vice President - Products Business Group
Eric Almgren 45 2010 Vice President - IP Business Group
Edward Lopez 51 2010 Chief Legal and Administrative Officer
Masood Jabbar 61 2005 Independent Director
William George 68 2005 Independent Director
John Hodge 44 2006 Independent Director
William Raduchel 65 2005 Independent Director
COMPANY ADDRESS
Silicon Image Inc
1060 East Arques Avenue
Sunnyvale CA 94085