The Week In Review: Design

NXP buys IP for IoT; Mentor reports record Q3; Rambus inks security deal with Cisco.


NXP Semiconductors acquired the IP assets of Quintic for its wearable and Bluetooth Low Energy business. The deal is aimed at IoT applications.

Mentor Graphics‘ numbers hit a record in fiscal Q3, which ended on Oct. 31. Revenue was $292.7 million, up from $275.6 million in the same period in 2013. Non-GAAP earnings were $39.92 million, up from $37.29 million in the same period in 2013, or $116.7 million on a GAAP basis. Projections for Q4 revenue are in the $425 million range, with full fiscal year results estimated at $1.23 billion.

NXP announced a private offering of $1 billion in senior notes, which are due in 2019, at an interest rate of 1% per year. The company will use the notes for hedge transactions, to repay €225 million in loans, and to fund the repurchase of up to $250 million in common stock.

Rambus‘ Cryptography Research Division licensed security-related technologies to Cisco. Specific terms of the agreement were not disclosed.

NXP won a deal with KDDI, a Japanese mobile operator, which will use NXP’s contactless IC for smart cards. KDDI will use the technology in its “au Wallet” prepaid cards.

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