Cadence Design Systems, Inc. and CEVA, Inc. have agreed to Cadence's acquisition of Intrinsix Corporation, a CEVA subsidiary specializing in engineering solutions for the U.S. aerospace and defense sector. This acquisition will provide Cadence with a skilled engineering team well-versed in advanced nodes, radio frequency, mixed signal, and security algorithms.
“CEVA’s strength over the years has been in developing and licensing semiconductor IP and software, which has powered more than 16 billion devices to date,” said Amir Panush, CEO of CEVA. “With the sale of Intrinsix, we are focusing our efforts on this core expertise, which will allow us to reinforce our leadership position in wireless communications, sensing, and edge AI technologies and support our long-term growth strategy.”
“Cadence and Intrinsix are well-aligned in their missions to enable customers to achieve design excellence,” said Neil Zaman, Senior Vice President and Chief Revenue Officer at Cadence. “Through the acquisition of Intrinsix, we will scale our system and IC design services team to support customers in key high-growth verticals like the aerospace and defense industry who are faced with meeting tight time-to-market deadlines and ever-increasing chip and system-level complexity.”
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