Cadence Design Systems is to buy Cosmic Circuits Private Limited, a developer of analog and mixed signal intellectual property (IP) cores.
Bangalore, India-based Cosmic Circuits currently offers IP cores for 40nm and 28nm process nodes, with 20nm and FinFET development well underway. The company has developed cores to support MIPI protocols such as D-Phy and M-Phy as well as USB 2 and 3, PCIe and HDMI. The company received TSMC’s 2010 and 2012 awards for Analog/Mixed Signal IP Partner of the Year.
Martin Lund, Cadence’s senior vice president of R&D for SoC realization said: “The combination of Cadence and Cosmic Circuits will provide customers with high quality IP to accelerate getting products to market.”
Ganapathy Subramaniam, CEO of Cosmic Circuits said: “Our focus on low-power mobile and time-to-market critical consumer IP markets will add to Cadence’s existing strength in high-speed serial IP for cloud/server applications.”
As part of this transaction, the IC and systems business of Cosmic Circuits will be spun off into a separate new company to be owned by certain existing shareholders of Cosmic Circuits. The acquisition is expected to close in 30 to 60 days, and is not expected to have a material impact on Cadence’s 2013 results of operations.