LOS GATOS, Calif.--Backers of the Reusable Application-Specific Intellectual Property Developers (RAPID) group have decided to disband the organization, which was formed in 1996 to help promote the concept of buying and selling third-party design cores.
Some industry analysts and observers believe the intellectual property (IP) design movement got ahead of itself in the late 1990s, with many IP startups succumbing to pricing competition and the lack of viable business models. A number of leading IP core suppliers were also acquired by chip houses and design automation suppliers.
The RAPID organization said it is turning over reusable IP industry activities to other organizations, such as the Virtual Socket Interface Alliance (VSIA) and the Internet-based Virtual Component Exchange (VCX) in Livingston, Scotland.
"I'd like to thank everyone who participated in the RAPID working groups and those who served on the board of directors over t he years," said Mark Miller, chairman of RAPID. "I'm proud of the many contributions that RAPID has made to foster the development of reusable intellectual property for the semiconductor industry."