ChipX Acquires Oki Semi Assets

ChipX, Santa Clara, Calif.-based provider of ASIC products, has agreed to acquire the ASIC engineering team and assets of Oki Semiconductor Company. In addition, Oki Semiconductor has become a turnkey foundry for ChipX and has licensed its embedded array and Gate array technology and internally-developed IP to ChipX. No financial terms were disclosed. ChipX raised $12 million in Series AA recap funding in 2004 from firms like Elron Electronic Industries, Needham Asset Management, Newlight Associates, Parker Price Venture Capital, UMC Capital, VantagePoint Venture Partners and Wasserstein Ventures.