The deal, which includes the target's operating business and 82 of its patent properties, as well as licence rights to the remaining patent properties, is still expected to be completed in the first quarter of 2013.Country: USASector: ElectronicsTarget: MIPS Technologies
IncBuyer: Imagination Technologies Group plcDeal size in USD: 100mType: Corporate acquisitionFinancing: Cash & Debt, Existing resourcesStatus: Agreed
' industry-standard microprocessor IP enables SoC companies to develop low power, high performance, low cost chipsets, which are deployed widely across consumer entertainment products including DTVs and set-top boxes (STBs), and increasingly in Android tablets.
Inc (MIPS) shares climbed 4.75 percent to $28.16 in after-hours trading.
"With its new 1.3GHz chip specifically designed for tablets, Actions is a flag bearer for the MIPS architecture in the mobile market," said Art Swift, vice president of marketing and business development, MIPS Technologies
. "This is one of the first times a MIPS licensee has achieved such high frequency with a MIPS-Based SoC targeted for mobile applications.
is also working with third party software vendors for tool and OS support.
"We are delighted to welcome Zoran to the MIPS community," said Kevin Meyer, vice president of marketing at MIPS Technologies
. "By using MIPS IP licensed directly from MIPS Technologies
, Zoran protects its investment, and that of the MIPS community, by helping to ensure one, solid, standard MIPS architecture.
Current SOCworks partners include Alcatel IP (Packet Engines) (NYSE:ALA), ARC Cores, Artisan Components (Nasdaq:ARTI), BOPS, Cadence Design Systems (NYSE:CDN), Denali Software, Flextronics Semiconductor (OakDSPCore(tm)) (Nasdaq:FLEX), Improv Systems, inSilicon, Lexra, Mentor Graphics Inventra (Nasdaq:MENT), MIPS Technologies
, Model Technology, NewLogic, Sci-worx, Simutech, SiliconX, Stargate Solutions, Synchronicity, Synopsys (Nasdaq:SNPS), Taiwan Semiconductor Manufacturing Company, Tensilica, VAutomation, Virage Logic and the Virtual Component Exchange (VCX).
TTP Communications plc (`TTPCom') (LSE:TTC) has announced that it will integrate portable and synthesizable Bluetooth(TM) technology with synthesizable 32-bit cores from MIPS Technologies
Inc has rolled out the first implementations of its MIPS32 family, with entry-level silicon, a core aimed at networking hardware applications and a high-end core optimized for Windows CE-based devices.
JPMorgan Chase & Co (NYSE:JPM) and Skadden, Arps, Slate, Meagher & Flom LLP are providing advice to MIPS.Country: USASector: ElectronicsTarget: MIPS Technologies
IncBuyer: Ceva Inc, Imagination Technologies Group plcDeal size in USD: 90m, 80mType: Corporate acquisitionStatus: Agreed, Bidding, TalksComment: The USD90m deal size refers to the price offered by Ceva.
Processor architecture provider MIPS Technologies
"The Android platform has been a game-changer for MIPS Technologies
. When we first began working with Android, we focused on opportunities in devices beyond the mobile handset, and indeed we have already seen MIPS-Based televisions, set-top boxes and other products in the market based on Android.