Tensilica plans IPO, CEO says

K.C. Krishnadas, EE Times
(10/22/2007 10:09 AM EDT)

BENGALURU, India — Configurable processor specialist Tensilica Inc. said it is planning an initial public offering.

"As we grow, we have a natural need to continuously expand our R&D investment and sales channels, and to develop the option of acquiring key capabilities," said Chris Rowen, Tensilica's president and CEO (Santa Clara, Calif.). "While our business is not particularly capital intensive, an IPO gives us powerful flexibility."