February 21, 2007 – ChipX Inc. has agreed to purchase Oki Semiconductor Co.’s ASIC business assets in the US, including licensed access to technology, libraries and foundry services as well as the entire engineering team and marketing personnel, for an undisclosed amount.

Under terms of the transaction, ChipX will license Oki’s embedded array and gate array technology and internally developed IP, and will take over Oki’s entire US ASIC product backlog, as well as completion of ongoing customer designs.

The deal will potentially double ChipX’s revenues in 2007, and boost the company’s ASIC capabilities to offer a variety of technologies including embedded arrays, gate arrays, structured ASICs and standard cell ASICs, noted chairman Doron Birger.