Semiconductors and Semiconductor Equipment
Company Overview of Micrel Inc.
Micrel, Incorporated, together with its subsidiaries, designs, develops, manufactures, and markets analog, mixed-signal, and digital semiconductor devices primarily in North America, Asia, and Europe. It offers power conversion products, including LDOs, DC/DC converters, analog power switches, PMICs, solid state lighting products, and FET drivers; supervisory and reference products that protect, monitor, and enhance the interface of circuitry around microcontroller and processor circuits; and general linear parts, such as op amps, thermal measurement devices, timers, and other general devices. The company also offers radio frequency data communication products, including QwikRadio family of ...
2180 Fortune Drive
San Jose, CA 95131
Founded in 1978
Key Executives for Micrel Inc.
Co-Founder, Chairman, Chief Executive Officer and President
Total Annual Compensation: $356.6K
Chief Financial Officer and Vice President of Finance & Human Resources
Total Annual Compensation: $260.7K
Vice President of Worldwide Operations & Foundry Business Unit
Total Annual Compensation: $288.6K
Senior Vice President of Linear and Power
Total Annual Compensation: $368.8K
Vice President of Corporate Development, General Counsel and Corporate Secretary
Total Annual Compensation: $235.5K
Compensation as of Fiscal Year 2014.
Micrel Inc. Key Developments
Investor Files Lawsuit Against the Proposed Acquisition of Micrel, Incorporated by Microchip Technology Incorporated
May 20 15
The Shareholders Foundation Inc. announced that an investor, who currently holds shares of Micrel, Incorporated, filed a lawsuit against the proposed acquisition of Micrel, Incorporated by Microchip Technology Incorporated for $14.00 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to stockholders by agreeing to sell Micrel, Incorporated too cheaply via an unfair process to Microchip Technology Incorporated. On May 7, 2015, Microchip Technology Incorporated and Micrel, Incorporated announced that Microchip Technology Incorporated has signed an agreement to acquire Micrel, Incorporated for $14.00 per share. Micrel, Incorporated shareholders may elect to receive the purchase price in either cash or shares of Microchip common stock.
Micrel, Inc. Introduces MIC1344
May 12 15
Micrel Inc. introduced the MIC1344, a 3A power ORing smart switch offered in a small 2mm x 2mm QFN package. The MIC1344 targets handheld devices and systems powered from multiple sources such as wall adapters and auxiliary battery power sources. It is also ideal for applications that require a diode OR function between two input power sources. The MIC1344 is available in volume quantity with 1,000 quantities pricing starting at $2.33. The device provides a power ORing for two power sources from 2.8V to 5.5V. The MIC1344 connects either input A or input B to the output using very low-on resistance power MOSFETs. The power MOSFETs serve as monolithic ORing diodes. The power MOSFETs drop significantly less forward voltage than diodes and help conserve power while increasing voltage headroom which is critical for low voltage battery equipped systems. The key protection features are output-to-input and input-to-input current blocking and built in thermal shutdown. The MIC1344 is fully specified from -40ºC to +125°C. The device is available in a 12-pin, 2mm x 2mm Thin QFN package.
Micrel, Incorporated and Bank of the West Agree Extension of the Expiration Date of the Credit Agreement
May 6 15
On April 30, 2015, Micrel, Incorporated and Bank of the West agreed to an extension of the expiration date, from April 30, 2015 to July 31, 2015, of the credit agreement dated as of May 7, 2009, as amended on April 11, 2011 and April 19, 2013, by and between the company and Bank of the West providing for a $5.0 million line of credit. No other changes were made to the terms of the Credit Agreement.
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May 7, 2015