XML 32 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Note 15 - Subsequent Events
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
15
:
SUBSEQUENT EVENTS
 
In
July 2019,
the Company acquired the Hillcrest Labs business from InterDigital, Inc. (“InterDigital”) Hillcrest Labs is a leading global supplier of software and components for sensor processing in consumer and IoT devices. Under the terms of the agreement, the Company agreed to pay an aggregate of
$11,000
to purchase the Hillcrest Labs business, as well as non-exclusive rights to certain Hillcrest Labs’ patents retained by InterDigital, with
$10,000
paid at closing and the remainder of
$1,000
held in escrow to satisfy indemnification claims, if any. The final purchase price allocation for the acquisition has
not
been determined as of the filing of this Quarterly Report on Form
10
-Q.
 
In
August 2019,
the Company entered into a technology investment and a strategic partnership agreement with a private company, Immervision, Inc. (“Immervision”), whereby the Company made a technology investment of
$10,000
to secure exclusive licensing rights to Immervision’s advanced portfolio of patented wide-angle image processing technology and software. The final purchase price allocation for the investment has
not
been determined as of the filing of this Quarterly Report on Form
10
-Q.
 
In
August 2019,
the Company set up a joint venture in China with a minority equity holding of
19.9%.
The joint venture company is in its final stage of incorporation and plans to provide services to the semiconductor industry. The Company agreed to pay
$199
for its equity holding.