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September 05, 2007
VC-backed Chipidea Bought By Silicon Valley's MIPS
Just two years after VCs, Kennet Partners and Vision Capital, made their initial €12M investment in Lisbon-based Chipidea, an established Portuguese analog chip IP developer, it has been bought by MIPS Technologies [via Library House weekly newsletter].
The embedded systems semiconductor IP vendor out of Mountain View, Calif. said it will pay up to $127M in cash now, with an additional earnout paid in stocks and another $20M in cash over the next couple of years.
We are not sure how much Chipidea raised in total, but later that same year R Capital Partners added another €5M of capital in late 2005 and it recently raised €6.5M from a single investor Espírito Santo Ventures, which it called a Series C round.
During its short time as a VC-backed venture, Chipidea announced a bold but probably expensive plan to develop its own chips, and it did at least one small wireless acquisition.
View Chipidea
Posted on September 5, 2007 05:25 AM | Posted to News And Updates | Semiconductors | Permalink
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