CEO: CSwitch halted operations, seeks buyer
Dylan McGrath, EE Times
(07/03/2009 1:29 PM EDT)
SAN FRANCISCO -- As had been rumored, programmable logic startup CSwitch Corp. has ceased operations and is looking to be acquired, the company's top executive confirmed Friday (July 3).
CSwitch President and CEO Doug Laird told EE Times that investors made the decision to temporarily halt operations sometime within the last few weeks. The move was made to conserve cash as investors initiated efforts to sell the company, Laird said.
Laird said CSwitch (Santa Clara, Calif.) is in negotiations with multiple companies interested in acquiring the firm. Because the negotiations are ongoing, Laird said he could not provide further details at this time.
(07/03/2009 1:29 PM EDT)
SAN FRANCISCO -- As had been rumored, programmable logic startup CSwitch Corp. has ceased operations and is looking to be acquired, the company's top executive confirmed Friday (July 3).
CSwitch President and CEO Doug Laird told EE Times that investors made the decision to temporarily halt operations sometime within the last few weeks. The move was made to conserve cash as investors initiated efforts to sell the company, Laird said.
Laird said CSwitch (Santa Clara, Calif.) is in negotiations with multiple companies interested in acquiring the firm. Because the negotiations are ongoing, Laird said he could not provide further details at this time.
To read the full article, click here
Related Semiconductor IP
- AXI5 to/from AXI4 Bridge
- AXI5-Stream to/from AXI4-Stream Bridges
- APB5 to APB4 bridge
- UALink PHY + Controller
- General Purpose Low-Dropout (LDO) - TSMC
Related News
- Siroyan has ceased trading and is seeking a buyer for its Intellectual Property
- Cswitch and Denali Team on PCI Express for Configurable Switch Array Chip
- Cswitch to Preview Configurable Switch Array(TM) Chip Technology at DAC 2006
- Cswitch Corporation Adopts Mentor Graphics 10 Gigabit Ethernet Media Access Controller for Innovative Configurable Switch Array Chip
Latest News
- SEALSQ and GlobalFoundries Partner to Accelerate Post-Quantum Cryptography and Quantum Computing Technologies
- Arteris Announces Collaboration with IC-Link by imec to Accelerate Next-Gen AI and HPC Silicon
- SambaNova Completes First Close of $1B Financing at $11B Valuation
- TAKUMI starts licensing new Warping IPs “TW270” and “TW290”
- Quintauris Announces Planned Leadership Transition