Pillsbury Advises Techpoint, Inc. in Acquisition by ASMedia Technology, Inc.

Pillsbury advised Techpoint, Inc., a fabless semiconductor company that designs, markets and sells mixed-signal integrated circuits for multiple video applications in the security surveillance and automotive markets, in entering into a definitive agreement with ASMedia Technology Inc., a leading fabless semiconductor company specializing in high-speed transmission interface IC design. Under the agreement, ASMedia will acquire all outstanding shares of Techpoint, including common stock underlying its Japanese Depositary Shares, for $20.00 per share in an all-cash transaction.