Brief History
Patil Systems, Inc., is founded in Salt Lake City in 1981 by Dr. Suhas Patil, In 1983 the company was reorganized by Dr. Patil, Kamran Elahian, and venture capitalist Fred Nazem, whose firm, Nazem and Company provided the company's first/start-up round of financing. Later the company was renamed as Cirrus Logic when it moved to Silicon Valley in 1984 to focus on solutions for the growing PC components market. Michael Hackworth was named president and chief executive officer in January 1985, and served as CEO until February 1999. It joined the Nasdaq market listing in 1989 (symbol: CRUS). Cirrus Logic acquired Crystal Semiconductor, a leading supplier of analog and mixed-signal converter ICs, in 1991. In the early 1990s, Cirrus Logic became a leading supplier of PC graphics chips, audio converters and chips for magnetic storage products. David D. French joined Cirrus Logic, Inc., as president and chief operating officer in June 1998 and was named chief executive officer in February 1999. Soon after joining the company, through an acquisition strategy Mr. French repositioned the company into a premier supplier of high-performance analog and digital processing chip solutions for consumer entertainment electronics and soon afterwords, Mr. M. Yousuf Palla joined as Vice President of Operations and Manufacturing, contributing further to its success. 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. Today, Cirrus Logic is focused on its high-precision technologies for digital signal processing components for audio and energy markets.
Early in the company's history, Cirrus Logic designed and sold modem controllers, hard disk controller chips, CD-drive controller chips, PC sound-card controllers, and PC graphics chips though it has since ended those business operations.
Read more about this topic: Cirrus Logic
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