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Cadence Design Systems Inc Expands IP Portfolio With Agreement To Acquire Cosmic Circuits Private Limited

Thursday, 7 Feb 2013 08:00am EST 

Cadence Design Systems Inc announced an agreement to acquire Cosmic Circuits Private Limited, a provider of analog and mixed signal intellectual property cores. Cosmic Circuits offers silicon-proven IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development well underway. The addition of the Cosmic Circuits product line will broaden the Cadence IP portfolio, strengthening its solutions to address mobile device, cloud/datacenter and internet of things market opportunities. 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. 

Company Quote

0.03 +0.16%
26 Dec 2014