U.S.-based silicon IP solutions provider Invecas Inc. has signed a definitive agreement to acquire Lattice Semiconductor Corporation’s HDMI design team and Simplay Labs subsidiary.

The transaction will include the transfer of approximately 150 research and development staff, labs and other assets from Lattice’s operations in the U.S. or Hyderabad, India as well as in Shanghai and Shenzhen, China.

The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in August 2017, Invecas said on Monday.

CEO Dasaradha Gude said the acquisition of Lattice’s HDMI development team and R&D labs (from its Silicon Image acquisition) and Simplay Labs, which oversees standards compliance and interoperability testing services, “will be a tremendous addition to our technical capabilities...”

“We are fully committed to continue investing in the Lattice team’s strong track record of helping to establish industry standards and new technologies, and driving them to market,” he added.

Lattice Semiconductor’s President and CEO Darin G. Billerbeck said the “strategic transaction is good for Lattice, Invecas , and the HDMI ecosystem.”

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved