Related Party Transactions

6 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions [Text Block]

Related Party Transactions

The Company sells semiconductor products to Chrontel International Ltd. (Chrontel). Jimmy S.M. Lee, the Company’s Executive Chairman, has been a director of Chrontel since July 1995. Sales to Chrontel were $172,000 and $286,000 during the three months and six months ended March 31, 2012, respectively. Sales to Chrontel were $207,000 and $544,000 during the three months and six months ended March 31, 2011, respectively. Accounts receivable from Chrontel was approximately $125,000 and $50,000 at March 31, 2012 and September 30, 2011, respectively.

The Company purchases ASSP products from Giantec. At March 31, 2012, the Company had approximately a 19.85% ownership interest in Giantec. The Company’s Executive Chairman, Jimmy S.M. Lee, is a director of Giantec. The Company also provides logistic services to Giantec for which it is reimbursed and receives certain licensing fees from Giantec. Through December 30, 2010, the Company consolidated the results of Giantec. During the three months and six months ended March 31, 2012, the Company purchased no products from Giantec. During the three months ended March 31, 2011, the Company purchased approximately $339,000 of products from Giantec. Accounts payable to Giantec was approximately $0 and $418,000 at March 31, 2012 and September 30, 2011, respectively. During the three months months and six months ended March 31, 2012, the Company provided Giantec services of approximately $18,000 and $36,000, respectively, and received licensing fees from Giantec of approximately $12,000 and $22,000, respectively. During the three months ended March 31, 2011, the Company provided services of approximately $24,000 to Giantec and received licensing fees of approximately $22,000. Accounts receivable from Giantec was approximately $28,000 and $104,000 at March 31, 2012 and September 30, 2011, respectively.