Taiwan Semiconductor (TSMC), the world’s leading microchip foundry company, will invest $65 million in California-based start-up Tela Innovations through its venture capital arm TSMC Partners.
Founded in 2005, the US company is seen as one of the brightest prospects in electronic design automation (EDA) technology for the semiconductor industry, having already gained investment from key chip players Intel, Qualcomm, Cadence and KLA-Tencor.
read full article here: www.iam-media.com
TSMC invests in EDA David that slew Google Leading foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) has said it intends to invest about $65 million in EDA startup Tela Innovations Inc. (Los Gatos, Calif.).
The investment is being made through TSMC Partners, according to a Digitimes report that referenced a company filing with the Taiwan Stock Exchange as its source.
Read more at: eetimes.com
Jessie Shen, DIGITIMES
TSMC Partners, a TSMC unit engaged in making investments in semiconductor companies, will buy about 10 million shares of Tela Innovations for US$6.24 a share or a total of US$65 million, according to a company filing with the Taiwan Stock Exchange (TSE).
The transaction will enable TSMC Partners to hold a 25% stake in Tela, the filing disclosed.
In February 2009, TSMC and Tela formed a strategic partnership to develop co-optimized design solutions using Tela’s patented lithography-optimized design technology and TSMC’s derivative processes.
read full article here: digitimes.com
Taiwan Semiconductor Manufacturing Co Ltd:Subsidiary TSMC Partners, Ltd. to acquire 10,420,868 shares of Tela Innovations, Inc. at $6.24 per share with amount of $65 million.TSMC Partners, Ltd. to hold ,420,868 shares (25 pct stake) of Tela Innovations, Inc. after investment.
Read more at: Reuters
Agreements bolster Tela’s patent licensing program
LOS GATOS, Calif. – June 12, 2014 – Tela Innovations, Inc. announced that it has resolved its pending patent infringement litigation with Google by a mutual license agreement between the two companies. Tela also reached a separate agreement to settle its pending litigation with Pantech of Korea. Terms of the agreements will remain confidential.
Motorola Mobility LLC, acquired by Google in 2012, and Pantech were named as respondents in an investigation instituted in March 2013 by the United States International Trade Commission as a result of a complaint filed by Tela. Both parties were also named as defendants in Tela’s contemporaneously filed patent infringement action in the U.S. District Court for the District of Delaware. Joint motions to dismiss all pending litigation have been filed by the parties. Litigation against the remaining defendants in these suits, LG Electronics, Nokia and HTC, remains pending.
“Tela has invested significant resources to develop and protect its foundational technology enabling continued semiconductor scaling and these agreements are confirmation of the strength of our patent portfolio,” said Scott Becker, president and CEO of Tela. “Our patented products enable designers to achieve the best performance, area and power characteristics possible as semiconductor processes continue to scale.”