In a move to solidify its intellectual property (IP) portfolio, Cadence Design Systems has acquired Cosmic Circuits Private Limited.
The acquisition will strengthen Cadence’s solutions for mobile device, cloud/datacenter and “Internet of things” market opportunities. Martin Lund, Cadence’s VP of R&D for SoC Realization, expects that the expandsion of IP offerings will help customers to significantly accelerate their time to market.
“The addition of Cosmic Circuits' stellar technology and talent enhances Cadence's position as a leading provider for analog/mixed-signal IP,” Lund said in a statement.
Neither party has disclosed the terms of the transaction. Cosmic’s IC and Systems segments will spin off into a separate companies that will be owned by existing Cosmic Circuits shareholders. The deal will close in one to two months, but won’t significantly affect Cadence’s 2013 bottom line.
“Cosmic Circuits has a strong track record working with leading foundries to qualify and sell silicon-proven IP in advanced nodes,” stated Cosmic Circuits CEO Ganapathy Subramaniam. “Our focus on low-power mobile and time-to-market critical consumer IP markets will add to Cadence's existing strength in high-speed serial IP for cloud/server applications.”
In addition to offering silicon-proven IP solutions in connectivity, Cosmic Circuits delivers advanced mixed-signal technologies in the 40 nm and 38 nm process nodes. The company is also developing solutions in the 20 nm nodes, as well as FinFET technology.
IP cores are blocks of logic or data that are used to make field programmable gate arrays (FPGA) or application-specific integrated circuits (ASIC). IP cores are designed components that can be easily inserted into any design methodology or vendor technology.