Ikon Semiconductor Limited is a fabless semiconductor company which is developing innovative LED Driver IC solutions for the offline LED lighting market. The company was founded by 2 semiconductor industry veterns who have a combined experience of almost 40 years in the semiconductor industry. By applying proprietary digital control techniques, where traditionally analog control techniques have been used, Ikon Semiconductor is developing a solution which reduces cost and enhances performance of the power electronics required in LED lighting applications. Ikon's first product, which will be available in early 2012, will target the residential and commercial bulb replacement market, where volumes of LED replacement lamps are predicted to grow to 430 million units in 2013.