AAMA & Pillsbury Annual Semiconductor Dinner
With the growth in mobile computing, the internet and cloud computing, opportunities to innovate and disrupt appear to be rising. Wearables hold the promise of creating a significant new market segment. Semiconductors play a key enabling role in all of these markets. This is reflected by growth at many of the existing players and increases in their valuations but also in the decision by a number of companies–such as Apple, Google and Amazon–to add semiconductor design capability–in a manner analogous to that of the original computer and mobile players decades ago. An argument can be made that 2013 marked a positive inflection point for the semiconductor industry, from which it may return to historic rates of growth. While offsetting trends towards higher integration and development cost and more global competition, remain, the focus of this panel will be on what is working and positive in the semiconductor industry rather than its well documented challenges. Our panel consists of experts in the field who have been at the heart of these events and have unique viewpoints to share. Come learn from the industry’s brightest mind and network with senior executives from many of the key players and investors in the field, including our panelists.
6:00 PM to 6:30 PM Registration & Networking
6:30 PM to 6:45 PM Welcome and Introduction
6:45 PM to 7:30 PM Dinner
7:30 PM to 8:30 PM Panel Discussion
Confirmed Panel Speakers:
Behrooz Abdi, CEO, Invensense (formerly Senior VP, Netlogic and CEO, RMI)
Abdi, a member of InvenSense’s board of directors since June 2011, was appointed President and CEO in October 2012. Most recently, he served as Executive Vice President and General Manager of NetLogic Microsystems, Inc., a leader in intelligent semiconductor solutions for the Internet. Before this, he served as the President and Chief Executive Officer of RMI Corporation (also known as Raza Microelectronics Inc.), a fabless semiconductor company, from November 2007 to October 2009. He served as Senior Vice President and General Manager of CDMA Technologies (QCT) at Qualcomm, Inc., a provider of wireless technology and services, from March 2004 to November 2007. Prior to joining Qualcomm, he held leadership and engineering positions at Motorola, Inc. where he served as Vice President and General Manager for Motorola’s radio products division, in charge of RF and mixed-signal ICs for the wireless mobile market. He currently is a director at Tabula, Inc. and Exar Corporation.
Abdi holds a BSEE from Montana State University and an MSEE from the Georgia Institute of Technology.
Mark Edelstone, Managing Director, Investment Banking Division of Morgan Stanley
Mark Edelstone rejoined Morgan Stanley in 2013 as Co-Head of Semiconductor Investment Banking. Between 2007 and 2013, Mr. Edelstone was a Managing Director and Head of Global Semiconductor Investment Banking at J.P. Morgan. In 2009, he created the J.P. Morgan/GSA Index of Leading Indicators, which is a monthly data series supported by more than 130 semiconductor companies. Prior to joining J.P. Morgan, Mr. Edelstone was a Managing Director and Global Leader for Semiconductor Research at Morgan Stanley from 1997 to 2007. Between 1989 and 1997, Mr. Edelstone followed the semiconductor industry at Prudential Securities, where he was employed as a Managing Director. Prior to joining Prudential Securities, Mr. Edelstone served as a portfolio manager and market strategist for Comprehensive Market Timing, Inc., a corporation he co-founded.
Since becoming an investment banker in 2007, Mr. Edelstone has advised about three dozen companies on M&A transactions valued at more than $30bn and he has helped companies to raise more than $35bn in the debt and equity capital markets.
Mr. Edelstone was selected as an all-star analyst by Institutional Investor magazine for his research coverage of the semiconductor industry for 11 consecutive years. Mr. Edelstone was also consistently ranked as a leading semiconductor analyst in the annual Greenwich survey. In a 1999 Reuters survey covering all US-based analysts, Mr. Edelstone was ranked as the leading semiconductor analyst and the 13th-highest ranked analyst on Wall Street. In addition, he was selected five times for the Wall Street Journal’s Stock Picking Award within “The Best on the Street Survey.” During 1999 and 2001, Mr. Edelstone was listed by First Call Corp. as the most-read securities analyst in the world.
Mr. Edelstone received his undergraduate degree in Political Economics from the University of California, and holds an MBA in Finance, with a concentration in Investments, from Golden Gate University in San Francisco. In addition, Mr. Edelstone holds the Chartered Financial Analyst and Chartered Market Technician designations.
Lip-Bu Tan, CEO, Cadence and Chairman, Walden International
Lip-Bu Tan is Founder and Chairman of Walden International, a leading venture capital firm managing $2 billion. He concurrently serves as President and Chief Executive Officer of Cadence Design Systems, Inc., and has been a member of the Cadence Board of Directors since 2004. He currently serves on the Boards of Ambarella Inc. (NASDAQ: AMBA), SINA (NASDAQ: SINA); Semiconductor Manufacturing International Corp. (NYSE: SMI; HKSE: 981) and previously served on the Boards of Inphi Corporation (NYSE: IPHI); Flextronics International (NASDAQ: FLEX) and MindTree Ltd. (IN: MTCL).
Lip-Bu received his B.S. from Nanyang University in Singapore, his M.S. in Nuclear Engineering from the Massachusetts Institute of Technology, and his MBA from the University of San Francisco. Additionally, Lip-Bu serves on the Board of Trustees and the School of Engineering Dean’s Council at Carnegie Mellon University (CMU), the School of Engineering Dean’s Advisory Board at the Massachusetts Institute of Technology (MIT), the College of Engineering Advisory Board at University of California Berkeley, the Board of Directors of the Global Semiconductor Alliance (GSA), and on the Board of Directors of United Overseas Bank (UOB) in Singapore.
Faraj Aalaei, CEO, Aquantia (formerly CEO, Centillium)
Faraj Aalaei, a 32-year veteran of the communications industry, has raised funds in excess of $250 million for his semiconductor companies from private and public investors, executed several M&A deals and taken his previous start-up through IPO. He is currently the president and CEO of Aquantia, the leading developer of High Speed Ethernet connectivity solutions for cloud computing and large-scale data center deployments. Since Mr. Aalaei joined the company in 2009, Aquantia has raised $100M from global tier-1 VCs, increased its’ patent portfolio from 20 to more than 80, and has shipped millions of 10GBase-T ports making it the clear market leader in 10G connectivity. In 2012, Aquantia acquired PLX/Teranetics’ 10GBase-T product and patent portfolios under Mr. Aalaei’s leadership and direction. Prior to joining Aquantia, Faraj was the guiding force behind Centillium’s successful track record as a leading innovator of high performance, cost effective semiconductor solutions for broadband access networks. Under his leadership, Centillium went from seed financing to NASDAQ IPO in 3 years, the fastest ever for a semiconductor company. An industry pioneer and holder of three patents, Aalaei has spent the last three decades at the forefront of technical advancements – from helping develop the world’s first broadband modem for CATV networks to the introduction of Centillium’s high capacity convergent technology for DSL, optical and VoIP applications.
Prior to co-founding Centillium in 1997, Aalaei held a variety of management and engineering positions at leading technology providers, where he applied his expertise to the development of DSLAM, Digital Loop Carrier and Fiber-to-the-Curb products at Fujitsu; the first SONET system and the first high speed two way systems for CATV networks at Bell Labs. He began his career at MA/COM designing very high-speed satellite communications systems. Aalaei holds a BSEE from Wentworth Institute of Technology, MSEE from University of Massachusetts and an MBA from University of New Hampshire. Faraj is a member of the board of directors of TranSwitch Corporation and a Trustee of his alma mater, Wentworth Institute of Technology.
Andy Oberst, Senior Vice President, Qualcomm
Andy Oberst leads strategy and corporate development for QCT, Qualcomm’s semiconductor business, with responsibilities that include market research, market forecasting, competitive analysis, new business opportunity evaluation and planning, M&A, and strategy formulation. The strategy team works cross-functionally with other teams and organizations, providing analysis and support for key decisions. Andy has worked in this capacity for most of his 16 years with Qualcomm. Before joining Qualcomm, Andy served in a financial controller role at VLSI Technology Inc., and as an engineer at Hewlett-Packard. Andy holds a BSEE from the University of New Mexico, and an MBA from the University of Texas.
Jorge del Calvo, Partner, Pillsbury Law
Mr. del Calvo represents public and private technology companies in mergers and acquisitions, public offerings, private placements and joint ventures, investment banks in equity, debt and other transactions, and venture and private equity funds in their formation and investments. Mr. del Calvo’s clients range in size from unfunded start-ups to Fortune 500 companies.
From July 1, 2000 to the present, Mr. del Calvo led the nation in representing issuers in completed technology IPOs. He is particularly experienced with the business and legal issues implicated by rapid growth. Fifteen of the companies Mr. del Calvo has represented achieved market valuations in excess of $1B. Ten of these fifteen companies were represented by Mr. del Calvo since their incorporation. Included among the issuer-side IPOs handled by Mr. del Calvo are the first internet IPO (Netcom) and the first solar IPO (Sunpower). He has also worked with virtually all major investment banks as their counsel. In 2010 alone, Mr. del Calvo worked on eight underwritten public offerings including transactions in which he represented Goldman Sachs, J.P. Morgan, Deutsche Banc, Barclays, Jefferies and Stifel Nicolaus as joint bookrunners.
During his career, Mr. del Calvo has handled over one hundred merger and acquisition transactions, including the representation of Atheros in its $3.6 billion acquisition by Qualcomm, WebEx in its $3.2 billion acquisition by Cisco, and Nicira in its $1.26 billion acquisition by VMWare. He also has extensive experience in counseling public companies and their boards with respect to hostile takeovers, proxy contests, special investigations and corporate governance issues. Mr. del Calvo joined Pillsbury in 1982 and was made a partner in 1990. He served as leader or co-leader of the firm’s National and Silicon Valley Corporate Securities and Technology group from 1994 to 2005, as a member of the firm’s board from 2006 to 2011, and as Chairman of its Finance Committee from 2006 to 2010.
Early bird (through Nov 5): $25 members, $45 non-members
Regular: $35 members, $55 non-members
Seating is limited; register early!