July 16, 2002 – Hillsboro, OR – Lattice Semiconductor Corp. has entered into an agreement to acquire privately held Cerdelinx Technologies Inc., San Jose, CA.
Under terms of the agreement, Lattice will acquire Cerdelinx in a stock-for-stock transaction worth approximately $23 million. A portion of the consideration will be expensed as in-process R&D in the current quarter.
Cerdelinx is an early stage fabless semiconductor company focused on the design of application specific standard products targeted towards emerging high-speed communications and storage applications.
Cerdelinx currently has a team of 27 engineers who are developing a portfolio of low-power CMOS transceivers and backplane interfaces with embedded high-speed SERDES I/O to support 10 gigabit/second applications.
The acquisition will serve to enhance Lattice’s silicon development efforts and its ability to deliver programmable solutions within the OC-192, networking, and storage market segments.