Junko Yoshida, EE Times(05/08/2009 12:30 PM EDT) MANHASSET, NY
— Talk about a short marriage.
MIPS Technologies Inc., which in August 2007 bought Chipidea, a Portuguese analog and mixed-signal IP company, announced Friday (May 8) that it has now divested its analog business group to Synopsys Inc. in an all-cash transaction for $22 million, effective immediately.
The marriage lasted only 18 months.
John Bourgoin, MIPS Technologies president and CEO, still stands by his original wisdom. Acquiring the analog IP vendor was a "strategic move." During a conference call, he said that the acquisition was intended to "expand our offerings to our customers more parts of SoCs that are difficult to do."
OK, so what went wrong?
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