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Arteris IP to Acquire Assets of Magillem Design Services
October 1, 2020 | PRWEBEstimated reading time: 2 minutes
Arteris IP, the world’s leading supplier of innovative, silicon-proven network-on-chip (NoC) interconnect intellectual property, announced a definitive agreement with Magillem Design Services under which Arteris IP will acquire the assets of Magillem Design Services. Substantially all Magillem team members will be joining Arteris IP.
The combination of global technology leaders brings together Arteris IP’s state-of-the-art network-on-chip (NoC) interconnect IP with Magillem’s leading chip design and assembly environment, creating the premier semiconductor IP and software tools company for the age of artificial intelligence (AI) and machine learning (ML). The company will accelerate the pace of innovation and the ease-of-design for the complex systems-on-chip (SoC) that power this computing revolution, which is transforming automotive, machine learning and 5G wireless communications markets.
As part of Arteris IP, Magillem’s software products will continue to be offered separately from the Arteris interconnect IP offerings and the joined company will continue to execute on Magillem’s existing product and technology roadmaps. Both Arteris IP’s and Magillem’s existing worldwide SoC design team customers will benefit not only from the increased engineering and global support resources of the combined company, but also from the technology integration between the two companies’ product lines that will occur over time. The combined entity will be the leader in SoC assembly solutions to improve how SoCs are designed today and in the future.
“The combination of Arteris IP and Magillem will provide unparalleled global support and technology advancements for existing Arteris IP and Magillem licensees,” said Isabelle Geday, founder and CEO of Magillem Design Systems. “In addition to sharing many mutual customers worldwide, Arteris IP and Magillem share a common customer-centric ethos focused on helping our users accelerate chip development with world class SoC development software and IP. Our team is excited to join Arteris IP in pursuing this common vision.”
“Arteris IP and Magillem share a passion for helping our customers create the world’s most sophisticated systems-on-chip with state-of-the-art technology that shortens design schedules and increases profit margins, so we are delighted to welcome the Magillem team into Arteris IP,” said K. Charles Janac, President and CEO of Arteris IP. “As we integrate our technologies to accelerate and simplify the SoC assembly design flow, we will enhance innovation in both SoC IP integration software and the highly configurable on-chip interconnect IP that implements chip architectures.”
The proposed transaction is subject to customary closing conditions and is expected to take place during the fourth quarter of 2020.
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