SAN JOSE, Calif. - Memsic Inc. (Andover, Mass.), a manufacturer of MEMS sensor components, has announced it has agreed to be acquired by IDG-Accel China Capital II LP and its affliates MZ
nvestment Holdings Ltd. and MZ Investment Holdings Merger Sub Ltd. for $4.225 per share in cash.
Affiliates of IDG
currently hold approximately 19.5 percent of the company’s outstanding common
stock. IDG and its affiliates will acquire all the outstanding shares of
common stock of Memsic that are not currently owned by them, including
shares underlying outstanding in-the-money equity awards, for
approximately $88.5 million.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.