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Thursday, September 09, 2004Venture capitalists have a new found passion: convergence chips.Om Malik defines convergence chips, as a generic phrase to describe silicon that is used in audio, high-definition television and video devices of all shapes and form. The situation here is pretty much like the early days of communication revolution, where we saw a lot of dollars flow into network processor makers. A few of them thrived, a couple survived and well we know how this story ends. Having said that,writes Om Malik that the convergence revolution is a "mega trend" and offers a major opportunity for start-ups. Consumer Electronics Association expects 2004 sales for consumer electronics to gallop past $108 billion in total sales for 2003 mostly from the sales of MP3 players and digital television. And all those damn devices, well they will need chips!
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