Product category: Intellectual Property Cores
News Release from: Synopsys
Edited by the Electronicstalk Editorial Team on 25 July 2002
Synopsys to boost
IP with inSilicon acquisition
Synopsys is to acquire all outstanding shares of inSilicon for approximately $64 million
The transaction will be effected by means of a cash tender offer for all of the outstanding shares of inSilicon. The offer is subject to certain conditions, including the tender of a majority of the outstanding shares of inSilicon, receipt of regulatory approvals, and other customary conditions.
This article was originally published on Electronicstalk on 25 July 2002 at 8.00am (UK)
Related stories
Acquisition to expand IP portfolio to DDR
Synopsys is set to acquire the semiconductor IP assets of Mosaid Technologies, and will integrate these into its DesignWare IP portfolio
Development platform precedes Marvell processor
Virtual platform enables development of smartphones, handheld and consumer electronics devices that use the Marvell PXA3xx XScale technology application processor
"Together with EDA tools, IP provides the essential infrastructure upon which our customers create differentiated products", said Aart de Geus, chairman and chief executive officer of Synopsys.
"The acquisition of inSilicon will provide our customers with access to a strong portfolio of open format, digital and mixed signal connectivity IP designed by one of the industry's leading analogue and digital design teams".
"Joining Synopsys will allow us to expand the reach of our IP", said Barry Hoberman, inSilicon president and chief executive officer.
"Synopsys' global presence, sales and application resources, and ability to invest, help to assure designers worldwide that they will have access to the standards-based connectivity IP they need for their next-generation integrated circuits".
"Designers using our DesignWare IP Library have been asking for access to more and more complex IP, available as soon as possible in the evolution of each new standard", said John Chilton, senior vice president and general manager of Synopsys' IP and Systems business unit.
"inSilicon was first to market with high-quality IP for leading standards such as USB, PCI, Ethernet, and 1394.
Adding the inSilicon team will allow us to offer our customers the widest possible range of IP solutions at the highest level of quality".
The acquisition will be effected by means of a cash tender offer for all of the outstanding shares of inSilicon at a cash purchase price of $4.05 per share, followed by a back-end merger in order to purchase any untendered shares.
Synopsys will also assume certain inSilicon stock options in the transaction.
Phoenix Technologies, which owns approximately 69% of the outstanding shares of inSilicon, has agreed to tender those shares to Synopsys.
A special committee of independent directors of inSilicon has reviewed the transaction on behalf of the inSilicon stockholders unaffiliated with Phoenix Technologies.
• Synopsys: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• NEW
• Electronicstalk Home Page
Related Business News
Cast Selects Avery Design Systems For...
...Pci Express Verification Ip. Semiconductor intellectual property provider CAST, Inc. today announced that it has begun using the PCI-Xactor test environment from Avery Design Systems to verify its current and future PCI Express IP cores.
Vsia Announces Release Of Qip Metric...
...Now Publicly Available With Hard Ip Extension. The VSI Alliance , the leading IP standards body for the electronics industry, today announced the Quality IP Metric version 3.0, which includes the hard IP extension, is now publicly available.
Gda Technologies Selected By Renesas Technology...
...For Pci Express To Amba Axi Bridge. Gda Technologies, Inc., a fast growing supplier of Intellectual Property and Electronic Design Services , today announced that Renesas Technology Corp., a leading semiconductor company, has selected GDA for development of a PCIE 2 AMBA AXI Bridge to be
Altera delivers first FPGA-Based IP support for Ethernet protocols
Bangalore, India: Altera Corp. has announced FPGA-based support for Ethernet communications protocols used in industrial automation applications, including ProfiNet, Ethernet/IP, Modbus-IDA, EtherCAT, SERCOS III Interface, and Ethernet Powerlink.
Ieee Picks Up Vsia's Standards Work
The IEEE has formed two study groups to explore the creation of IEEE standards based on work done at the VSI Alliance.
Search the Pro-Talk network of sites
