SMSC has been acquired by Microchip Technology Inc., a leading provider of mixed-signal, analog and Flash-IP solutions that offers low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. In automotive alone, SMSC has leading positions in four key technologies: MOST bus for high-bandwidth infortainment backbone; Ethernet for diagnostic and software download; USB as consumer port (for mobile device connection); and Kleer, a proprietary standard, that provides low power, uncompressed, high-quality wireless audio and control.