Zilog, Inc., previously known as ZiLOG (which stands for "Z (the last word of) integrated logic"), is a manufacturer of 8-bit and 24-bit microcontrollers, and is most famous for its Intel 8080-compatible Z80 series.
Zilog was incorporated in California in 1974 by Federico Faggin, who left Intel after working on the 8080. The company became a subsidiary of Exxon in 1980, but the management and employees bought it back in 1989.
Zilog went public in 1991, but was acquired in 1998 by Texas Pacific Group, who, after sales plummeted, reorganized the company in a Chapter 11 bankruptcy in late 2001.
Zilog was well into profitability by FY 2007 with $82 million in sales. In Feb 2007 Zilog hired Darin Billerbeck as President and CEO.
2007 was the last year Zilog introduced any new 8-bit microcontroller products. With no new product roadmap, for FY2008 sales fell 20% to $67.2 million. Sales fell 46% in FY2009 to $36.2 million.
On January 2008, Zilog declined an unsolicited proposal made by Universal Electronics Inc to acquire the company.
On February 19, 2009, Zilog announced that it had sold off their 8-bit Crimzon Universal Remote Control infrared microcontroller product line, as well as their ARM9 32-bit microcontrollers, including the Zatara security microcontrollers and 15 patents, to Maxim Integrated Products. Remote control manufacturer Universal Electronics Inc. purchased all of Zilog's software & IP assets related to Zilog's universal remote control business, including all ROM code, software, and database of infrared codes. Zilog sold these assets for $31 million cash, less than half the assets real worth.
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