Breaking News
FONT-SIZE Plus   Neg
Share SHARE

ARM Holdings Acquires Prolific - Update

RELATED NEWS
Trade ARMH now with 

Chipmaker ARM Holdings Plc (ARMH: Quote, ARM.L) Tuesday said it acquired privately-owned Prolific, Inc., a developer of IC design optimization software tools, to expand its capabilities to speed up ecosystem adoption of advanced process nodes at 20nm and below.

Newark, California-based Prolific has provided IC design optimization software tools since 1995. These tools reduce development time and improve the performance of cell-based designs. The company has gross assets of less than $1 million.

"The increasing complexity of 20nm and below process technologies is driving the need for automated layout optimization solutions. This acquisition augments ARM's strategy to provide innovative physical IP products that will enable the ARM partnership to continue to lead in the implementation of highly integrated, low-power system-on-chip solutions," ARM said.

ARM has been collaborating with Prolific for several years. The Prolific team will become part of the ARM Physical IP team based in San Jose, California.

In June, ARM acquired privately-held Obsidian Software to match its verification strategies with the rate of change in its high performance, complex SoC IP components.

ARM.L is currently trading at 574.50 pence, down 10 pence or 1.71 percent, on 502,914 shares.

Register
To receive FREE breaking news email alerts for ARM Holdings PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.