Ceva Acquires Intrinsix Corp
May 27, 2021
CEVA, Inc. announced that it agreed to acquire Massachusetts-based Intrinsix Corp., a chip design specialist, for approximately $33 million in cash, subject to working capital and other customary purchase price adjustments.
Intrinsix provides complex SoC design expertise in the areas of RF, mixed signal, digital, software, secure processors and interface IP for heterogenous SoCs and chiplets. The combination of Intrinsix’s broad chip design capabilities and IP, together with CEVA’s leading-edge wireless connectivity and smart sensing IP, enables a unique combination of a full turnkey IP platform that lowers entry barriers for OEMs.
For more information, visit intrinsix.com