CEVA to acquire chip design specialist CEVA, a licensor of wireless connectivity and smart sensing technologies, has agreed to acquire Massachusetts-based Intrinsix, a chip design specialist, for $33 million.
Intrinsixâs broad chip design capabilities and IP, when combined with CEVAâs wireless connectivity and smart sensing IP, will provide a unique full turnkey IP platform that will help to lower 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).
Intrinsix provides complex System-on-Chip (SoC) design expertise in the areas of RF, mixed signal, digital, software, secure processors and interface IP for Heterogenous SoCs (HSoCs), otherwise referred to as chiplets. With more than 1,500 successful designs with a customer base that includes blue chip names such as Intel, IBM
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).
Ceva acquires US chip design co Intrinsix
Intrinsix provides complex System-on-Chip (SoC) design expertise.
Israeli wireless connectivity and smart sensing technologies licensor Ceva Inc. (Nasdaq:CEVA) today announced that it has agreed to acquire Massachusetts-based chip design specialist Intrinsix Corp., for approximately $33 million in cash, subject to working capital and other customary purchase price adjustments. The closing of the acquisition is scheduled to take place in the second quarter of 2021.
Ceva said that the combination of Intrinsix s broad chip design capabilities and IP together with its own 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 and defense, medical, robotics and Industrial IoT (IIOT).