SAN JOSE, Calif. Xilinx Inc. said Monday (March 8) it has signed an agreement to acquire Triscend Corp., a developer of configurable embedded microcontrollers that combine ARM processor cores with field programmable logic.
Triscend had been the subject of a merger agreement with ARM Holdings plc that collapsed in February 2004.
The majority of Triscend's 40 employees, currently located at the company's headquarters in Mountain View, Calif., would become Xilinx employees, Xilinx said.
The company anticipates booking the acquisition in its fiscal fourth quarter ending April 3, 2004. At that time, the purchase price allocation would be recorded. Financial details of the deal were not disclosed.
"The significant talent and technology at the core of Triscend will strengthen our efforts in the embedded processing space, accelerating future development of embedded solutions and speeding our market ramp in this important emerging market," said Erich Goetting, vice president and general manager of Xilinx' advanced product division.