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Cirrus Logic history
Cirrus Logic company history timeline
1984: The firm reincorporates as Cirrus Logic; Michael Hackworth is named president and CEO.
1989: Cirrus goes public and develops a VGA controller for flat panel liquid crystal diode displays.
1990: The firm acquires Data Systems Technology.
In 1992, it acquired R. Scott Associates, a modem software company, and Acumos, which specialized in high-integration desktop graphics.
In 1993, it acquired Pacific Communication Sciences, a leading developer of Cellular Digital Packet Data communications technology.
Also in 1993, Cirrus Logic announced that it would produce custom microchips for companies licensed by Apple Computer to manufacture Apple's Newton personal digital assistant.
In 1993, Cirrus Logic signed agreements with its suppliers to buy a set number of chips over three years in return for guarantees of foundry capacity, but even this did not prove entirely satisfactory.
1994: Cirrus enters into its first joint fabrication venture with IBM.
1995: The firm begins its second joint fabrication venture with Lucent Technologies Inc.
The firm began to reorganize in 1996 and, due to restructuring charges, the company posted a loss of $46.2 million on revenues on $917.2 million for the year.
In early 1997, the company announced it would cut 400 jobs.
In 1998, the firm was forced to cut its workforce once again, and it also announced it would divest its graphics, modems, and advanced systems products businesses.
In 1999, Hackworth stepped down from the CEO post--he remained chairman--and Cirrus Logic turned to David French, hired one year earlier as president and chief operating officer, to turn the company around.
The purchase bolstered the company's audio IC division, which accounted for nearly 55 percent of sales by the end of 1999.
The company announced in April 2000 that it had completed moving its headquarters to Austin, Texas.
In June 2005, Cirrus Logic sold its video products operation to an investment firm, creating privately owned Magnum Semiconductor.
After French resigned in March 2007, Jason Rhode, formerly the vice president and general manager of Cirrus Logic's Mixed Signal Audio Division, was named president and CEO in May 2007.
In 2014 Cirrus Logic bought Wolfson Microelectronics for approximately $467 million.
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Cirrus Logic competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Xilinx | 1984 | $3.1B | 4,891 | - |
| Texas Instruments | 1930 | $15.6B | 29,888 | 348 |
| Intel | 1968 | $53.1B | 121,100 | 388 |
| Micron Technology | 1978 | $30.8B | 49,000 | 630 |
| Microchip Technology | 1989 | $7.6B | 19,500 | 132 |
| Conexant | 1996 | $112.0M | 312 | - |
| Amd | 1969 | $25.8B | 15,500 | 575 |
| Synopsys | 1986 | $6.1B | 15,001 | 40 |
| Maxim Integrated | 1983 | $2.6B | 7,100 | 1 |
| Cypress | 2009 | $2.2B | 5,871 | 62 |
Cirrus Logic history FAQs
Zippia gives an in-depth look into the details of Cirrus Logic, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cirrus Logic. The employee data is based on information from people who have self-reported their past or current employments at Cirrus Logic. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cirrus Logic. The data presented on this page does not represent the view of Cirrus Logic and its employees or that of Zippia.
Cirrus Logic may also be known as or be related to Cirrus Logic, Cirrus Logic Inc, Cirrus Logic Inc. and Cirrus Logic, Inc.