SANTA CLARA, Calif.—(BUSINESS WIRE)—February 20, 2007— ChipX Inc., provider of differentiated ASIC solutions, today announced it has signed an agreement with Oki Semiconductor Company, a division of Oki America Inc., regarding an asset purchase and business collaboration.
Pursuant to the agreement, the entire Oki Semiconductor U.S. ASIC
engineering team, ASIC specialists and marketing personnel have joined
ChipX. This transaction will boost ChipX's ASIC team capabilities and
enable it to become a broad-based ASIC company with a broad product
offering of embedded arrays, gate arrays, structured ASICs and
standard cell ASICs. The combined company will have a track record of
having executed and delivered more than 2000 ASIC designs over the
past 20 years, with an outstanding percentage of first time working
As a result of the collaboration between the two companies, Oki
Semiconductor has become a turnkey foundry for ChipX and has licensed
its embedded array and Gate array technology and internally developed
IP to ChipX. Oki Semiconductor has assigned all of its U.S. ASIC
product backlog to ChipX and has contracted the completion of the
ongoing customer designs to ChipX.
"We were very impressed with Oki Semiconductor's ASIC team
capabilities and are looking forward to their contributions to our
worldwide ASIC business," said Amnon Fisher, ChipX's President and
CEO. "Our customers will now have access to a broader ASIC offering
enabling us to service all their ASIC needs and continue to speed
their time to market."
"We are confident that our U.S. customers will be well supported
by ChipX and will benefit from ChipX's Structured ASIC offering," said
Masaharu Ozawa, President and COO of Oki Semiconductor. "We are
excited about our collaboration with ChipX and look forward to a long
and mutually beneficial relationship."
For more information, visit www.chipx.com or call +1 408 988 2445.
ChipX, Inc. is a pioneer and leader in the development and
manufacturing of differentiated ASIC solutions, including Structured
ASIC and Embedded Array technology. The company's innovative, patented
technology consolidates wafer production tooling, reduces
time-to-market and minimizes the total cost to profit. ChipX products
are widely used in consumer equipment, computing peripherals,
communication systems, industrial control, medical equipment,
instrumentation and military/aerospace systems. For more information
about ChipX broad range of ASIC solutions, please visit www.chipx.com.
Headquartered in Santa Clara, CA, ChipX is a privately held
corporation, founded in the U.S. in 1989. A subsidiary, ChipX (Israel)
Ltd., performs Research & Development. Investors include Elron
Electronic Industries, Ltd. (NASDAQ:ELRN), VantagePoint Venture
Partners, Wasserstein Venture Capital, Newlight Associates, Parker
Price Venture Capital, UMC, Needham Capital Partners and Insite
About Oki Semiconductor
Building on Oki's century-long commitment to communications
technologies and markets, Oki Semiconductor designs and markets a
broad line of advanced integrated circuits for telecommunications,
network, automotive, computer and consumer products. Oki's product
lines include telecommunications, RF, laser, networking, speech
synthesis, ASIC, microcontroller and memory devices, offered in a
variety of creative packages. Founded in 1977 and headquartered in
Sunnyvale, Calif., Oki Semiconductor is a division of Oki America
Inc., which is a subsidiary of Oki Electric Industry Co, Ltd. Oki has
ISO-9000-certified manufacturing facilities in Japan and Thailand.
Information on Oki Semiconductor and its products is available at
(C) 2007 ChipX Inc. All other products or service names mentioned
herein are the property of their respective owners.