Hyderabad-based chip design startup Invecas, has today announced that it will acquire Nasdaq-listed Lattice Semiconductor Corporation’s HDMI design team and its subsidiary Simplay Labs, which oversees standards compliance and interoperability testing services.
The deal has been unanimously approved by the boards of directors of both companies and is expected to close in August 2017.
The company said that the transaction will include the transfer of approximately 150 research and development (R&D) staff, labs and other assets from Lattice’s operations in San Jose, CA, Hillsboro, OR, Hyderabad, India, as well as Shanghai and Shenzhen, China.
Darin G. Billerbeck, Lattice Semiconductor’s President and Chief Executive Officer, said, “This strategic transaction is good for Lattice, INVECAS, and the HDMI ecosystem. It not only helps us to support our existing HDMI ASSP business, but also fosters a collaboration between the companies to speed the development and adoption of both existing and new HDMI standards. We are confident that Invecas will continue to pioneer HDMI by providing world class IP and services. Lattice customers should feel confident discussing any HDMI 2.1 IP opportunities directly with INVECAS.”
Dasaradha Gude, Chief Executive Officer of INVECAS, added, “We are excited to acquire Lattice’s world-class HDMI development team and R&D labs (from its Silicon Image acquisition) and Simplay Labs. Lattice has successfully established numerous global connectivity technology standards, built a highly valued intellectual property portfolio, delivered industry leading, feature-rich ASSPs, as well as provided trusted testing and compliance services to the consumer electronics industry.””
Invecas is a Hyderabad-based startup which claims to be a leading provider of silicon proven IP Solutions and ASIC Design Services optimized for Advanced Process Technologies as well as Embedded Software and System-level Solutions.
It claims to be a one-stop-destination for EDMs working on diverse market segments, which include IoT, Automotive, Bio-medical, Hand-held Devices and Compute, among others. The company also offers a wide array of in-house solutions such as Validation, Package Design, Verification, Prototyping and Embedded Software.