SiliconBeat

In what should be music to the ears of at least some of its investors, Leadis Technology, said Monday that it last week sold some of its development-stage intellectual property to a “publicly-traded supplier of analog and mixed-signal” semiconductors for $2.3 million.

Leadis  received $2 million of the total at the closeof the transaction and will get the final $300,000 following the conclusion of a 6-month “holdback period.”

In January, Leadis announced the sale of its display driver business for $3.5 million plus $500,000 in assumed liabilities.

The company was under pressure from two of its largest investors — Dialectic Capital Management and Kettle Hill Management –to sell one or more of its business units, reduce costs and buy back shares.

Shares of Leadis, which lost 88 percent of their value last year, are up by a third so far in 2009, closing Wednesday at 45 cents.

Kettle bought some its Leadis stake in October for about 65 cents a share and some more in November at 46 cents a share.