M&A Deal Summary

CEVA Acquires Intrinsix

On May 10, 2021, CEVA acquired semiconductors company Intrinsix for 33M USD

Acquisition Highlights
  • This is CEVA’s 1st transaction in the Semiconductors sector.
  • This is CEVA’s largest (disclosed) transaction.
  • This is CEVA’s 2nd transaction in the United States.
  • This is CEVA’s 1st transaction in Massachusetts.
Investment Fate
  • Intrinsix was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2021-05-10
Target Intrinsix
Sector Semiconductors
Buyer(s) CEVA
Deal Type Add-on Acquisition
Deal Value 33M USD

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.

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Buyer(S) 1

Buyer

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 3 of 3
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Hillcrest Labs

Rockville, Maryland, United States

Hillcrest Labs is a provider of software, components and intellectual property to enable the intelligent use of sensors in consumer electronics and IoT devices. Hillcrest Labs was founded in 2001 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 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.

Sell -
Mergr

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