MOUNTAIN VIEW, USA: MIPS Technologies Inc., a leading provider of industry-standard processor architectures and cores for home entertainment, communications, networking and portable multimedia markets, announced the divestiture of its Analog Business Group.
Synopsys Inc. acquired the business unit in an all-cash transaction for $22 million, effective immediately.
This transaction enables MIPS Technologies to focus exclusively on its core competencies in microprocessor IP, continuing to build on its leadership position in markets like the digital home and networking, while expanding its presence in other key markets. The Analog Business Group was formed through MIPS' acquisition of Chipidea Microelectronica S.A. in August 2007.
"We believe this action will improve shareholder value, increase profitability, boost our competitive position and enable us to focus all of our resources on solving our customers' most immediate design challenges," said John Bourgoin, MIPS Technologies president and CEO. "MIPS has tremendous opportunities in our industry-leading processor IP, development tools and robust ecosystem, and we are laser-focused on growing our business in these areas. Synopsys has a long-term mixed-signal IP business that will be significantly stronger as a result of this deal."
Sunday, May 10, 2009
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