Related Party Transactions

12 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

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 $458,000, $938,000 and $585,000 during the fiscal years ended September 30, 2012, 2011 and 2010, respectively. Accounts receivable from Chrontel was approximately $30,000 and $50,000 at September 30, 2012 and September 30, 2011, respectively.

The Company purchases ASSP products from Giantec (See Note 1). At September 30, 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 fiscal year ended September 30, 2012 and the nine months ended September 30, 2011, the Company purchased approximately $108,000 and $609,000 of products from Giantec, respectively. Accounts payable to Giantec was approximately $26,000 and $418,000 at September 30, 2012 and September 30, 2011, respectively. During the fiscal year ended September 30, 2012 and the nine months ended September 30, 2011, the Company provided Giantec services of approximately $70,000 and $59,000, respectively and received licensing fees from Giantec of approximately $41,000 and $66,000, respectively. Accounts receivable from Giantec was approximately $12,000 and $104,000 at September 30, 2012 and September 30, 2011, respectively.