English
CEO: CSwitch halted operations, seeks buyer
Dylan McGrath, EE Times
(07/03/2009 1:29 PM EDT)
SAN FRANCISCO -- As had been rumored, programmable logic startup CSwitch Corp. has ceased operations and is looking to be acquired, the company's top executive confirmed Friday (July 3).
CSwitch President and CEO Doug Laird told EE Times that investors made the decision to temporarily halt operations sometime within the last few weeks. The move was made to conserve cash as investors initiated efforts to sell the company, Laird said.
Laird said CSwitch (Santa Clara, Calif.) is in negotiations with multiple companies interested in acquiring the firm. Because the negotiations are ongoing, Laird said he could not provide further details at this time.
(07/03/2009 1:29 PM EDT)
SAN FRANCISCO -- As had been rumored, programmable logic startup CSwitch Corp. has ceased operations and is looking to be acquired, the company's top executive confirmed Friday (July 3).
CSwitch President and CEO Doug Laird told EE Times that investors made the decision to temporarily halt operations sometime within the last few weeks. The move was made to conserve cash as investors initiated efforts to sell the company, Laird said.
Laird said CSwitch (Santa Clara, Calif.) is in negotiations with multiple companies interested in acquiring the firm. Because the negotiations are ongoing, Laird said he could not provide further details at this time.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- Logic Fruit Technologies Inc. Excitedly Welcomes Mr. Akshaya Sharma as the new CEO of US Operations
- Sondrel CEO steps down as chip firm faces re-organization
- European Union Seeks Chip Sovereignty Using RISC-V
- CEO Interview: Charlie Janac of Arteris -- "Pick a Viable Path, Don't Give Up"
- CEO interview: MIPS' Sameer Wasson on a RISC-V reboot
Breaking News
- Cadence Announces Most Comprehensive True Hybrid Cloud Solution to Provide Seamless Data Access and Management
- Dolphin Design expands GoAsic partnership to enhance the semiconductor Industry's Supply Chain
- Cadence Collaborates with MemVerge to Increase Resiliency and Cost-Optimization of Long-Running High-Memory EDA Jobs on AWS Spot Instances
- M31 Successfully Validates 5nm IP Solution to Empower Global AI Applications
- Cadence Unveils Palladium Z3 and Protium X3 Systems to Usher in a New Era of Accelerated Verification, Software Development and Digital Twins
Most Popular
- Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets
- Semiconductor Capacity Is Up, But Mind the Talent Gap
- Zhuhai Chuangfeixin: OTP IP Based on 90nm CMOS Image Sensor Process Technology Successfully Mass Production
- CMC Microsystems and AIoT Canada Sign Memorandum of Understanding to support IoT and semiconductor ecosystem growth in Canada
- Microchip Technology Acquires Neuronix AI Labs