Junko Yoshida, EETimes
10/12/2015 01:41 PM EDT
MADISON, Wis.—VeriSilicon Holdings Co., a Shanghai-based provider of IPs and custom silicon design services, announced Monday (Oct. 12) a definitive agreement to acquire Vivante Corp., a Santa Clara-based embedded GPU IP vendor, in an all-stock transaction.
The two companies — both privately held — declined to disclose the terms of the deal, but said the combined company’s revenue, as of December 31, 2014, was more than $180 million.
Wayne Dai, CEO of VeriSilicon, told EE Times in a telephone interview that the addition of licensable graphic cores (GPU) from Vivante will provide his company a shot in the arm for its growing IP portfolio. The deal will also increase VeriSilicon’s exposure to the Tier One customer base, while opening up opportunities to enter the automotive market with established top OEM customers — relationships already cultivated by Vivante, he explained.
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