Chip designer company MoSys Inc. (NASDAQ:MOSY) on Monday
said it has acquired privately held Prism Circuits Inc., a three-year-old developer of intellectual property for high-speed interface technology.
MoSys paid Prism shareholders $13.5 million upon closing, and could pay up to $6.5 million more if the target hits certain milestones during the next year. MoSys said that acquiring Prism, which it described as profitable, will expand its memory IP library to include interface technology used in the networking and communications markets.
In another chip deal announced Monday, Microsemi Corp. (NASDAQ:MSCC)
said it would buy Nexsem Inc., a privately held maker of high voltage DC to DC conversion technology used in LCD televisions, set-top boxes, notebooks and netbooks. No terms were disclosed.
Microsemi has been
relatively busy striking small chip acquisitions. In April it paid $28 million to buy assets of Endwave Corp. (NASDAQ:ENWV).
- Olaf de Senerpont Domis
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