ChipX purchases OKI’s US ASIC business

It has been announced that ChipX Inc, provider of differentiated ASIC solutions, has signed an agreement with Oki Semiconductor Company, a division of Oki America Inc. regarding an asset purchase and business collaboration.

Pursuant to the agreement, the entire Oki Semiconductor US ASIC engineering team, ASIC specialists and marketing personnel have joined ChipX, providing the Company with a broad product offering of embedded arrays, gate arrays, structured ASICs and standard cell ASICs.

The collaboration between the two companies means that Oki Semiconductor has become a turnkey foundry for ChipX, and has licensed its embedded array and Gate array technology and internally developed IP to ChipX. Oki Semiconductor has assigned all of its U.S. ASIC product backlog to ChipX and has contracted the completion of the ongoing customer designs to ChipX.

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