Entropic Communications is a provider of semiconductor products for the connected home. Founded in 2001, the company is headquartered in San Diego, California, US, and maintains offices worldwide. The fabless semiconductor company invented the MoCA® (Multimedia over Coax Alliance) home networking technology, creating Direct Broadcast Satellite (DBS) Outdoor Unit (ODU) single-wire technology, and developing the industry's first ARM® processor and OpenGL graphics Set-top box (STB)[citation needed], System-on-a-Chip (SoC). Entropic completed its initial public offering on December 7, 2007, listing on the NASDAQ exchange under the ticker symbol ENTR.
Entropic was acquired by MaxLinear for a total consideration of $287 million on February 3, 2015.
Entropic is a semiconductor company in the connected home market and makes Integrated Circuit (IC) technology and platform software:
In 2005, the company opened its Asia regional headquarters in Hong Kong.[4] It also started operating in Korea[clarification needed] in 2010 and in Japan in 2011.[5]
In March 2014, Entropic's former CEO Patrick Henry was charged with three misdemeanors. Two of the charges were dropped. The third was reduced to an infraction.[6] The charges stemmed from an altercation at Sundance Film Festival involving reality TV star Ariane Bellamar.[7] On June 19, 2014, he was found guilty of the assault charge; his sentence consisted of a $400 fine and 40 hours of community service. He was also ordered to undergo an assessment for alcohol and anger management. Patrick Henry was not terminated from his position. In September 2014 Entropic hired Barclays to explore the possibilities of selling the business, which concluded with a sale to MaxLinear on February 3, 2015.[8] Patrick Henry resigned as CEO prior to the sale, in November 2014.
On November 10, 2014, a decision by the board of directors stated that it was the right time for a leadership transition, leading to Dr. Ted Tewksbury replacing Patrick Henry as interim President and Chief Executive Officer.[9]