Cadence Design Systems acquired Tensilica for about $380 million in cash. Tensilica is a leader in dataplane processor IP core licensing with over 200 licensees. Tensilica’s configurable dataplane processing units are optimized for embedded data and signal processing. The IP cores are ideal for mobile wireless, network infrastructure, auto infotainment and home applications. As of December 31, 2012, Tensilica had approximately $30 million in cash.
Cadence Design Systems introduced a new full-featured NVM Express interface subsystem. It is the industry’s first IP subsystem for the development of SoCs that support the NVM Express 1.0c standard, which is an interface technology used for solid-state drives (SSD). With Cadence’s IP subsystem, SoC designers do not need to source their interface component IP separately and drive integration on their own. The new subsystem approach decreases design risk and overall development time for new SoCs.