CEO: CSwitch halted operations, seeks buyer
(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
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
- Controversial former Arm China CEO founds RISC-V chip startup
- Fundamental Inventions Enable the Best PPA and Most Portable eFPGA/DSP/SDR/AI IP for Adaptable SoCs
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process