Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
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 Unveils Arm-Based System Chiplet
11/20/2024 | Cadence Design SystemsCadence has announced a groundbreaking achievement with the development and successful tapeout of its first Arm-based system chiplet. This innovation marks a pivotal advancement in chiplet technology, showcasing Cadence's commitment to driving industry-leading solutions through its chiplet architecture and framework.
Cadence Launches Fem.AI, Pledges $20M to Kickstart Gender Equity in the AI Workforce
08/23/2024 | Cadence Design SystemsCadence Design Systems, Inc. announced the launch of Fem.AI—an initiative to propel women and the industry towards a more equitable tech sector, with an emphasis on opportunities in AI.
Cadence Partners with GSME to Further Semiconductor Industry Growth in Oman
06/28/2024 | Cadence Design Systems, Inc.The global semiconductor supply chain is undergoing a profound transformation driven by several disruptive factors.
Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity
06/26/2024 | Cadence Design Systems, Inc.The Cadence Janus NoC manages these simultaneous high-speed communications efficiently with minimal latency, enabling customers to achieve their PPA targets faster and with lower risk.
Cadence, Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era
06/25/2024 | Cadence Design Systems, Inc.Cadence Design Systems, Inc. announced the achievement of several key milestones in its ongoing strategic partnership with Intel Foundry.