Parthus Announces Streamlining Of Two Product Lines To Focus Resources On Growth Opportunities
Dublin, Ireland - August 30, 2002 - Parthus Technologies plc (LSE: PRH, Nasdaq: PRTH) announces that it intends to streamline two product lines in order to improve financial performance and enhance technology and market focus for Parthus, on a stand-alone basis or, as part of ParthusCeva, in the event that the proposed combination with Ceva, Inc. is consummated. Towards that end, Parthus anticipates that it will discontinue investments in Radio Frequency (RF) and hardware based security acceleration, in order to focus the business on three product and technology areas where Parthus believes there are opportunities for market leadership:
DSP and Application Processing IP;
Mixed-Signal and Wireline Communications IP;
Wireless Communications IP.
The anticipated reduction in workforce and the related realignment of resources is expected to result in the incurrence of a one-off restructuring charge during the third quarter in the region of US$3 million.
Kevin Fielding, president of Parthus commented, "Parthus believes that it is important to take these measures now, so that we can focus our corporate resources in those technologies that position Parthus to meet the needs of our customers and to continue to compete effectively in the marketplace either independently, or as part of the combined ParthusCeva enterprise, if the proposed combination with Ceva Inc. is approved."
A PDF copy of this press release is also available here.
|
Ceva, Inc. Hot IP
Related News
- Change drives innovation: New executive assignments at Arm will bring fresh perspectives, renewed focus and growth opportunities
- 2022 a Focus for 12-inch Capacity Expansion, 20% Annual Growth Expected in Mature Process Capacity, Says TrendForce
- SiFive Appoints Nicole Singer as Chief Human Resources Officer to Drive SiFive Growth and Hiring
- Arm intends to strengthen focus on core semiconductor IP business growth
- Arm intends to strengthen focus on core semiconductor IP business growth
Breaking News
- UMC Reports Sales for January 2023
- GUC Monthly Sales Report - January 2023
- Peripheral IPs with proven automotive compatibility are instantly licensable for extremely reliable performance.
- Rambus Delivers 6400 MT/s DDR5 Registering Clock Driver to Advance Server Memory Performance
- GreenWaves Technologies announces a €20M financing
Most Popular
- Weebit Nano nears productisation, negotiating initial customer agreements
- GreenWaves Technologies announces a €20M financing
- Hardware Root of Trust: The Key to IoT Security in Smart Homes
- Rambus Delivers 6400 MT/s DDR5 Registering Clock Driver to Advance Server Memory Performance
- BrainChip Tapes Out AKD1500 Chip in GlobalFoundries 22nm FD SOI Process
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |