The Week In Review: Design

M&A

Lattice Semiconductor is set for a buyout by private equity fund Canyon Bridge at a price of $1.3 billion, or $8.30 per share. Lattice will operate as a standalone subsidiary and does not expect any changes in operations or management. The deal is expected to close in early 2017. Earlier this week, Lattice announced a low power, small form factor FPGA for 5G SERDES applications. The recently-formed Canyon Bridge is headed by Benjamin Chow, former manager with a number of Chinese investment firms as well as a manager at Applied Materials; Ray Bingham, former CEO of Cadence and current executive chairman of Cypress; and David Wang, former CEO of SMIC and VP at Applied.

Ansys acquired KPIT medini Technologies, a provider of systems functional safety analysis, reliability engineering and quality management. Terms of the deal were not disclosed.

IP

ARM launched the Mali-V61 video processing unit (VPU) aimed at 4K120 live streaming for real-time video applications on mobile devices and is scalable from one core. Also released was the Mali-G51 GPU targeting mainstream smartphones with capabilities for low power VR.

Embedded

Mentor Graphics expanded processor support on the company’s Embedded Linux development platform for the third generation of AMD’s Embedded G-Series SoC portfolio. Runtime and development tools also support the AMD Embedded R-Series SoC.

Deals

Cadence and MathWorks teamed up to integrate Cadence’s PSpice analog and mixed-signal simulator with MATLAB and Simulink behavioral-level modeling, analysis and visualization in an integrated system design and debug environment.

Toshiba licensed Arteris’ Ncore Cache Coherent Interconnect IP for use in its image recognition processors for automotive ADAS applications, citing configurability and data protection features.

CAST and Avery Design Systems partnered to bundle the former’s CAN 2.0 & CAN FD Bus Controller Core with a 30-day free license for the latter’s CAN-Xactor VIP for CAN 2.0 and CAN FD verification.

Numbers

Ansys reported financial results for the third quarter of 2016, with revenue of $245.9 million, up 3.4% from the same quarter last year. Earnings per share, on a GAAP basis, came out at $0.78, up 8.3% from $0.72 in Q3 2015. Non-GAAP earnings per share were $0.95, up 5.6% from last year’s Q3 of $0.90.