eSilicon, an independent semiconductor Value Chain Producer (VCP), has entered into a definitive agreement to acquire substantially all the assets of Silicon Design Solutions (SDS), a privately held supplier of niche semiconductor memory intellectual property (IP) cores.
SDS is headquartered in Milpitas, California and has design centres in Ho Chi Minh City, Vietnam, Da Nang City, Vietnam and Richardson, Texas.
Through the acquisition of SDS, eSilicon plans to expand its customer base and potential for design wins. eSilicon has established an engineering centre of excellence in Romania five years ago through an acquisition.
Jack Harding, chairman, president and CEO of eSilicon, said: The acquisition of SDS will provide new revenue opportunities for eSilicon, supporting our growth plans, while bringing expanded design and operations engineering support to our customers.
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Duytan Tran, president and CEO of SDS, said: By combining forces with the world’s largest independent VCP, we look forward to providing a deeper and broader level of support to our current customers while extending our products and services to eSilicon’s large customer base.
The transaction is subject to customary closing conditions, and eSilicon expects the transaction to close in May 2010.
