[November 21, 2009] Virage Logic Acquires NXP's Horizontal CMOS Semiconductor IP Technology and Development Team Tweet Nov 20, 2009 (Close-Up Media via COMTEX) -- Virage Logic announced it has completed the acquisition of NXP's horizontal CMOS intellectual property (IP) rights and certain engineering talent and equipment. As part of the acquisition, approximately 150 former NXP employees and the assets associated with selected NXP CMOS libraries, IP blocks and SoC infrastructure along with other classes of semiconductor IP, including approximately 25 associated patent families, are now part of Virage Logic. The partnership between the two companies also includes a multi-year, $60 million licensing and IP development relationship. "This acquisition and strategic alliance underscore the fundamental shift we are seeing in the global semiconductor industry and that is to focus on core competencies and engage with trusted partners for the non-differentiating elements of a company's business," said Dr. Alex Shubat, president, CEO and co-founder of Virage Logic. Virage Logic said it will establish an R&D center in Eindhoven to develop new products based on the acquired CMOS I/O, analog mixed signal and System-on-Chip (SoC) infrastructure IP and to provide on-going support to NXP. These new products, expected to be commercially available in early 2011, will expand upon Virage Logic's product offering that includes processor solutions, interface IP solutions, embedded SRAMs and NVMs, embedded memory test and repair, logic libraries, and memory development software. In consideration for the assets, NXP received 2.5 million shares of Virage Logic common stock, which are subject to transfer restrictions, and will receive a share of the future revenue generated by Virage Logic from licensing the transferred IP portfolio. Virage Logic expects the transaction to be accretive in the company's fourth fiscal quarter of 2010. Virage Logic is a provider of both functional and physical semiconductor intellectual property (IP) for the design of complex integrated circuits. The company's product portfolio includes processor solutions, interface IP solutions, embedded SRAMs and NVMs, embedded memory test and repair, logic libraries, and memory development software. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]