Cadence Design Systems plans to acquire the IP business of Evatronix SA SKA. The acquisition is expected to close in the second quarter of 2013, and is not expected to have a material impact on Cadence’s balance sheet or second quarter or fiscal 2013 results of operations. Terms of the transaction were not disclosed.
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 has acquire Cosmic Circuits. The IC and Systems business of Cosmic Circuits will be spun off into a separate new company to be owned by certain existing shareholders of Cosmic Circuits. The acquisition is expected to close in 30 to 60 days, and is not expected to have a material impact on Cadence’s 2013 results of operations. Terms of the transaction were not disclosed.
ARM [(LSE:ARM); (Nasdaq:ARMH)] announced at the IEEE SOI Conference, Foster City, Calif., the results from a silicon-on-insulator (SOI) 45nm test chip that demonstrate potential power savings of up to 40 percent over traditional bulk process for manufacturing chips. The test chip was based on an ARM 1176 processor and enables a direct comparison between SOI and bulk microprocessor implementations. The results confirm SOI technology is a viable alternative to traditional bulk process technology when designing low-power processors for high-performance consumer devices and mobile applications.