M&A Deal Summary

Cadence Acquires Intrinsix

On September 20, 2023, Cadence acquired semiconductors company Intrinsix from CEVA

Acquisition Highlights
  • This is Cadence’s 10th transaction in the Semiconductors sector.
  • This is Cadence’s 45th transaction in the United States.
  • This is Cadence’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-09-20
Target Intrinsix
Sector Semiconductors
Buyer(s) Cadence
Sellers(s) CEVA
Deal Type Divestiture

Target

Intrinsix

Marlborough, Massachusetts, United States
Intrinsix is an advanced semiconductor design services firm with the platforms, process, and people to ensure first-turn success of your semiconductor project. Intrinsix was founded in 1986 and is based in Marlborough, Massachusetts.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cadence

San Jose, California, United States
Category Company
Founded 1987
Sector Software
Employees11,200
Revenue 4.1B USD (2023)
DESCRIPTION
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.

Cadence develops system design enablement solutions that customers use to design whole electronics systems, increasingly small and complex integrated circuits, and electronic devices. Cadence's solutions are designed to help customers reduce the time to bring an electronics system, IC or electronic device to market and to reduce their design, development and manufacturing costs. Cadence's product offerings include electronic design automation, software, emulation and prototyping hardware, system interconnect and analysis and categories of intellectual property referred to as verification IP and design IP. Cadence was founded in 1987 and is based in San Jose, California.

DEAL STATS #
Overall 50 of 51
Sector (Semiconductors) 10 of 10
Type (Divestiture) 5 of 5
State (Massachusetts) 1 of 1
Country (United States) 45 of 45
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 Rambus - PHY IP Assets

San Jose, California, United States

Rambus' PHY IP Assets provide SerDes and memory interface PHY IP services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 BETA CAE

Lucerne, Switzerland

BETA CAE is a system analysis platform provider of multi-domain, engineering simulation solutions. The company's portfolio includes pre- and post-processing products, mechanical and structural simulation and multiphysics analysis, and simulation, process, data, and resources management (SPDRM) solutions, among others. BETA CAE is based in Lucerne, Switzerland.

Buy $1.2B

Seller(S) 1

SELLER

CEVA

Rockville, Maryland, United States
Category Company
Founded 1999
Sector Technology Hardware
Employees424
Revenue 97M USD (2023)
DESCRIPTION

CEVA is a provider of DSP-based IP platforms for vision, audio, communications and connectivity. CEVA's IP portfolio includes comprehensive technologies for computer vision and computational photography, advanced audio and voice processing, wireless baseband (2G, 3G & 4G LTE/LTE-A), connectivity (Wi-Fi & Bluetooth) and serial storage (SATA & SAS). CEVA was founded in 1999 and is based in Rockville, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Intrinsix

Marlborough, Massachusetts, United States

Intrinsix is an advanced semiconductor design services firm with the platforms, process, and people to ensure first-turn success of your semiconductor project. Intrinsix was founded in 1986 and is based in Marlborough, Massachusetts.

Buy $33M
Mergr

Product

Company

Legal