Hyderabad startup Invecas to acquire Nasdaq-listed company’s subsidiary1 year ago Saritha Keshamoni
Chip-design startup Invecas will acquire Nasdaq-listed Lattice Semiconductor Corporation’s HDMI design team and its subsidiary Simplay Labs, which oversees standards compliance and interoperability testing services.
The transaction, which was unanimously approved by the boards of directors of both companies, will include the transfer of approximately 150 research and development staff, labs and other assets from Lattice’s operations in the United States, India and China.
“This strategic transaction does not only help us support our existing business, but also fosters a collaboration between the companies to speed the development and adoption of both existing and new HDMI standards,” said Darin Billerbeck, president and chief executive, Lattice Semiconductor. “We are confident that Invecas will continue to pioneer HDMI by providing world class IP and services.”
Founded in 2014 by serial entrepreneur and former managing director of global chip giant AMD India, Dasaradha R Gude, Invecas has had a few acquisitions in the past, including California-based Kool Chip and Bengaluru-based Krivi Semiconductor.
“This transaction will be a tremendous addition to our technical capabilities,” said Gude, chief executive, Invecas. “It will enable us to broadly influence our customers’ standards connectivity roadmaps and will provide better insight into their product development.”