Cadence Design Systems, Inc. announced that it has acquired TranSwitchCorp.'s high-speed interface IP assets and employs its experienced IP development team to further expand Cadence's rapidly evolving IP product lineup. The deal includes chip-verified controllers and PHY IPs that comply with Ethernet BaseT and HDMI, DisplayPort and MHL display standards.
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"The mobile and consumer electronics markets are key drivers in the current IP market," said MarTIn Lund, senior vice president of Cadence IP Group. "The addition of this important IP asset and its development team has enhanced Cadence's IP offerings in these segments. Combine and allow Cadence to offer differentiated products on the Ethernet and DisplayPort categories."
The acquisition is now complete and is not expected to have a significant impact on Cadence's balance sheet or operations in FY2014 or the first quarter. The terms of the transaction were not disclosed.
