GigOptix Acquires ChipX for $12,250,000

  • Feed Type
  • Date
    11/10/2009
  • Company Name
    ChipX
  • Mailing Address
    2323 Owen Street Santa Clara, CA 95054
  • Company Description
    ChipX, Inc. is a leading Analog and mixed-signal ASIC company with unique technology that allows you to reduce the cost, development cycle and risk associated with complex SoC/ASIC designs. ChipX provides the widest range of ASIC solutions, from Mixed-Signal Structured ASIC and Mixed-Signal Embedded Arrays to Standard Cell ASIC. ChipX has a strong track record with over 2000 ASIC designs completed since inception in 1989, including high-performance Standard Cell ASIC designs in 0.25u, 0.18u and 0.13u, with more than 10 million gates.
  • Website
    http://www.chipx.com
  • Transaction Type
    M&A
  • Transaction Amount
    $12,250,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The terms of the deal provide for the ChipX investors to receive approximately 3.5 million common shares, representing approximately 26% of the fully diluted share count of GigOptix. As well as the operational benefits, the acquisition is anticipated to have the significant effect of broadening the ownership of the GigOptix common stock with the addition of new strategic and institutional investors.

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