Cadence acquires Cosmic Circuits
Cadence Design Systems, Inc. has completed the acquisition of Cosmic Circuits Private Limited, a provider of analogue and mixed signal intellectual property (IP) cores.
Cosmic Circuits offers silicon-proven IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development well underway.
The completion of this transaction further expands Cadence's IP portfolio, strengthening its solutions to address mobile, cloud/datacentre and "internet of things" market opportunities.
The Cosmic Circuits team will report to Martin Lund, Cadence's senior vice president of research and development, SoC Realisation Group.
The acquisition is not expected to have a material impact on Cadence's 2013 results of operations. Terms of the transaction were not disclosed.
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics.
