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Cadence to expand IC design services with Intrinsix acquisition

Cadence to expand IC design services with Intrinsix acquisition
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Neil zamanCadence design systems incIntrinsix corpCadence design systems

Cadence To Acquire Intrinsix From CEVA For Undisclosed Sum

Cadence Design Systems, Inc. (CDNS), a software and hardware company, announced on Wednesday that it has entered into a definitive agreement to acquire CEVA, Inc.

Neil zamanCadence design systems incCeva incIntrinsix corpCadence design systemsChief revenue officerIntrinsix corporation

Physical Intellectual Property Market Research Report by Types, Application, Region - Global Forecast to 2027

/PRNewswire/ Physical Intellectual Property Market Research Report by Types, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19.

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CEVA, Inc Announces Fourth Quarter 2021 Financial Results

/PRNewswire/ CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies and integrated IP solutions, today.

Yaniv arieliGideon wertheizerIntrinsix corpInternational participantsSource ceva incCeva incChief executive officerFixed wireless accessHillcrest labsChief financial officerAccess codeEastern timeDigital signal processorsBusiness conductCommon stock

CEVA to Acquire Intrinsix Corp , Expanding its Offering to Include Full Turnkey IP Platforms

Share this article Share this article ROCKVILLE, Md., May 10, 2021 /PRNewswire/ CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies, today announced that it agreed to acquire Massachusetts-based Intrinsix Corp., a leading chip design specialist, for approximately $33 million in cash, subject to working capital and other customary purchase price adjustments. The closing of the acquisition is anticipated to take place during the second quarter of 2021. The combination of Intrinsix s broad chip design capabilities and IP together with CEVA s leading-edge wireless connectivity and smart sensing IP enables a unique proposition of a full turnkey IP platform that lowers entry barriers for OEMs, IT companies and Tier 1s considering the development of their own advanced chips in market verticals such as 5G infrastructure, automotive, aerospace & defense, medical, robotics and Industrial IoT (IIOT).

Gideon wertheizerJim gobesUs department of defenseMirus securities incIntrinsix corpInternational participantsSource ceva incPrnewswire ceva incCeva incLockheed martinMassachusetts based intrinsix corpIndustrial iotHeterogenous socsAccess codeDigital signal processorsHillcrest labs

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