As part of the transaction the IC and systems development business of Cosmic Circuits (Bangalore, India) will be spun off into a separate company to be owned by certain existing shareholders of Cosmic Circuits.Cosmic Circuits, founded in 2005, has been profitable from its first year of ...
The company has focused on cores to implement USB, MIPI, display and storage interfaces. About 60 engineers will transfer to Cadence under the terms of the deal, Cadence said.Cadence has been making moves to build up its IP licensing business with several acquisitions in the last few months....