Mentor Graphics Adds Serial ATA IP with Acquisition of Palmchip Intellectual Property Business
WILSONVILLE, Ore.—(BUSINESS WIRE)—Aug. 23, 2004—
Mentor Graphics Corporation (Nasdaq:MENT) today
announced it has acquired Palmchip Corporation's complete Parallel and
Serial ATA Intellectual Property (IP) business. The acquisition
extends Mentor's position as the leading provider of communication
standards-based IP by adding Palmchip's industry-leading ATA IP to its
broad portfolio of standards-certified cores, and increases its IP
offerings for the growing storage market.
"This acquisition advances Mentor's IP strategy by broadening our
portfolio with a continued emphasis on providing our customers with
certified, standards-based IP," said Michael Kaskowitz, general
manager, Intellectual Property Division, Mentor Graphics. "When we
look to augment our IP portfolio, we look to those vendors that uphold
the same high standards we do. This acquisition enables us to offer
our customers and Palmchip's IP customer base a broader selection of
certified cores for the storage market that provide them with a smooth
transition as their design needs evolve."
Palmchip is a leader in the development and licensing of reusable,
configurable processor platform semiconductor IP building blocks for
system-on-chip (SOC) designs. By divesting its storage IP product
line, it will be able to directly focus its efforts on its growing
media storage semiconductor business that will develop and market
single chip ASSPs for wireless storage products. Mentor Graphics will
integrate product engineering and marketing resources into its own IP
division.
"This move is a natural progression for Palmchip. We have been
creating storage SoCs and ASICs through our AcurX platform for the
past eight years. Transferring our IP business to Mentor Graphics
allows us to refocus on our expanding set of turnkey wireless storage
solutions for the growing media storage semiconductor industry," said
Jauher Zaidi, president and CEO, Palmchip. "We are convinced that our
IP customers will benefit from the expanded support they will receive
from one of the industry's largest IP providers."
ATA IP products are crucial for developing the complex designs
used in storage system products, from hard disk drives to large area
networks. Palmchip's Parallel and Serial ATA cores are widely used,
silicon-proven in multiple process technologies and interoperable with
a variety of discrete and proprietary SerDes solutions. The complete
ATA line of cores offers users a smooth and scalable path to meet
their changing storage design needs. All Palmchip IP products have
undergone rigorous testing and verification to help ensure full
functionality and adherence to the applicable technical
specifications.
About Mentor Graphics
Mentor Graphics Corporation (Nasdaq:MENT) is a world leader in
electronic hardware and software design solutions, providing products,
consulting services and award-winning support for the world's most
successful electronics and semiconductor companies. Established in
1981, the company reported revenues over the last 12 months of about
$675 million and employs approximately 3,800 people worldwide.
Corporate headquarters are located at 8005 S.W. Boeckman Road,
Wilsonville, Oregon 97070-7777; Silicon Valley headquarters are
located at 1001 Ridder Park Drive, San Jose, California 95131-2314.
World Wide Web site: http://www.mentor.com/.
Mentor Graphics is a registered trademark of Mentor Graphics
Corporation. All other company or product names are the registered
trademarks or trademarks of their respective owners.
Contact:
Mentor Graphics
Suzanne Graham, 503-685-7789
suzanne_graham@mentor.com
or
Leanne White, 503-685-1984
leanne_white@mentor.com
