Dan’s Biz Bookshelf: ‘Growth Hacker Marketing’
Happy’s Tech Talk #38: Novel Metallization for UHDI
It’s Only Common Sense Mastering the Follow-Up—The Key to Closing More Deals
Cadence to Acquire Intrinsix Corporation from CEVA
September 20, 2023 | Cadence Design Systems, Inc.Estimated reading time: 1 minute
Cadence Design Systems, Inc. and CEVA, Inc., a leading licensor of wireless connectivity and smart sensing technologies, announced that they have entered into a definitive agreement for Cadence to acquire Intrinsix Corporation, a wholly owned subsidiary of CEVA and a provider of design engineering solutions focused on the U.S. aerospace and defense industry. The purchase will bring Cadence a highly skilled engineering team that has expertise in advanced nodes, radio frequency, mixed-signal and security algorithms.
“CEVA’s strength over the years has been in developing and licensing semiconductor IP and software, which has powered more than 16 billion devices to date,” said Amir Panush, CEO of CEVA. “With the sale of Intrinsix, we are focusing our efforts on this core expertise, which will allow us to reinforce our leadership position in wireless communications, sensing and edge AI technologies and support our long-term growth strategy.”
“Cadence and Intrinsix are well-aligned in their missions to enable customers to achieve design excellence,” said Neil Zaman, Senior Vice President and Chief Revenue Officer at Cadence. “Through the acquisition of Intrinsix, we will scale our system and IC design services team to support customers in key high-growth verticals like the aerospace and defense industry who are faced with meeting tight time-to-market deadlines and ever-increasing chip and system-level complexity.”
The acquisition is expected to be immaterial to revenue and earnings this year for Cadence and is subject to certain closing conditions.
Share on:
Suggested Items
Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications
05/01/2025 | Cadence Design SystemsCadence announced a significant expansion of its portfolio of design IP optimized for Intel 18A and Intel 18A-P technologies and certification of Cadence® digital and analog/custom design solutions for the latest Intel 18A process design kit (PDK).
Cadence Reports Q1 2025 Financial Results
04/29/2025 | Cadence Design SystemsQuarter-end backlog was $6.4 billion and current remaining performance obligations ("cRPO"), contract revenue expected to be recognized as revenue in the next 12 months, was $3.2 billion
Cadence Enables Next-Gen AI and HPC Systems with Industry’s Fastest HBM4 12.8Gbps IP Memory System Solution
04/21/2025 | Cadence Design SystemsCadence announced the industry’s fastest HBM4 12.8Gbps memory IP solution, which meets the increasingly higher memory bandwidth needs of SoCs targeted for the next generation of AI training and HPC hardware systems.
Metanoia Licenses Cadence Tensilica ConnX 230 DSP for New SDR Platform
03/26/2025 | Cadence Design SystemsThe transition from analog to software-defined radio (SDR) represents a significant advancement in communication technology. Traditional analog systems rely heavily on fixed hardware for signal processing, which limits their flexibility and adaptability.
Cadence Joins Intel Foundry Accelerator Design Services Alliance
03/17/2025 | Cadence Design SystemsCadence is expanding its collaboration with Intel Foundry by officially joining the Intel Foundry Accelerator Design Services Alliance! This collaboration amplifies both companies' efforts to drive innovation, support advanced chip design, and solidify Intel Foundry as a leader in cutting-edge semiconductor solutions.