Orbit Semiconductor - Company History

Company History

Orbit Semiconductor was originally founded in 1985 by Gary P. Kennedy in Sunnyvale, California. In 1991, Orbit Semiconductor underwent a management buy-out (MBO) by Gary P. Kennedy and his associates. In 1992, Orbit Semiconductor became a pioneer in the FPGA Conversion arena. Orbit Semiconductor successfully underwent an initial public offering (IPO) in 1994, trading as ORB on NASDAQ. In 1998, Orbit Semiconductor merged with DII Group, Inc., and in 2000, DII Group merged with Flextronics Semiconductor, Inc. In September 2005, AMI Semiconductor acquired the Semiconductor Division of Flextronics, Inc., and in February 2007, the Orbit team became independent.