Update: GigOptix, Inc. Announces Acquisition of ChipX (November 10, 2009)
Santa Clara, CA – July 9, 2004
– ChipX, the Structured ASIC leader, today announced it has partnered with design services company EE Solutions of Hsinchu City, Taiwan, to serve the Asian IC market currently fueled by growing demand from mainland China. The partnership extends ChipX’s distribution reach into the fastest-growing IC market in the world, enabling it to meet local demand for its Structured ASICs without losing the benefit of low NRE and fast turnaround time, the hallmarks of Structured ASIC technology.
EE Solutions specializes in providing advanced IC design services for fabless companies wanting to reach customers in Asia. Founded in 1999, the company has branch offices in Taipei, Taiwan, and Fremont, California, with representatives in Shanghai, Seoul, Singapore, Toronto, and India.
“EE Solutions understands how to leverage the dynamics governing the global IC market, particularly in Asia,” said Elie Massabki, vice president of Marketing for ChipX. “The company’s extensive distribution network, as well as its advanced R&D capabilities, will enable ChipX to reach untapped potential in the region.”
“The accelerated pace of the semiconductor manufacturing is making it increasingly challenging for fabless companies to compete,” said Jim Su, CEO of EE Solutions. “ChipX’s Structured ASICs are a natural fit for China, where getting a clearly differentiated product to market quickly at minimum cost is the only route to success.”
Structured ASICs are targeted at developers who need the fast prototyping capabilities of FPGAs without the high unit cost, and those who want to take advantage of the relatively low unit costs of ASICs without paying high NREs.About ChipX
ChipX is a leading manufacturer of late-stage programmable application-specific integrated circuits, or Structured ASICs. The company's innovative, patented technology consolidates wafer production tooling, reduces time-to-market and minimizes the cost of initial production. ChipX's Structured ASIC technology is widely used in communications, high-end consumer electronics, industrial control, medical equipment, automotive telematics, computing peripherals, and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, founded in the U.S. in 1989. Web site: www.chipx.comAbout EE Solutions
EE Solutions is a leading provider of turnkey ASIC and System-on-a-Chip (SoC) design services to integrated circuit and systems companies worldwide. The company is recognized for its engineering background, demonstrated experience in overseas delivery, precision in executing concepts, advanced design and research capabilities, and providing customers with optimal solutions to achieve their business objectives. EE Solutions also offers effective design methodologies and a wide range of advanced intellectual property and professional personnel to help customers step into the ultra-deep-submicron design field. Web site: www.e2-solutions.com.tw ###
This press release contains forward-looking statements based on current information available to ChipX as of the date hereof. These statements are based on Management's current expectations and may ultimately prove to be incorrect or false. Factors which could cause future results to differ materially from the results discussed, implied, or forecasted in the forward-looking statements include delays in scheduled product availability dates (which could result from various occurrences including development or testing difficulties, software errors, shortages in appropriately skilled engineers and project management problems); the risks inherent in the commercialization of the Company's anticipated products and services; shifts in customer or market demand for the Company's anticipated products; the impact of competitive products and pricing; and possible disruptive effects of organizational changes, including retaining key personnel and coordinating operations. ChipX assumes no obligation to revise or update any forward-looking statements contained in this press release.