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TranSwitch Acquires ASIC Design Center

Thursday, December 07, 2006 6:00:00 AM PDT | VentureDeal Staff

SHELTON, CT  --  TranSwitch Corp. announced the acquisition of the ASIC Design Center division of Data JCE Ltd, an Israeli electronic components distribution company.

The design center develops customer-specific semiconductor products primarily for Israeli OEMs and fables semiconductor companies, or Israeli divisions of US and European companies.

TranSwitch will pay $1 million in cash, $5.7 million in common stock and potential future cash or stock earnouts based on performance.

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