# CEVA agrees to acquire Intrinsix Corp. for $33 million

CEVA, Inc. agreed to acquire Intrinsix Corp., a chip design specialist, for approximately $33 million in cash. The acquisition is expected to close in Q2 2021.

- Type: Acquisition
- Announced: 2021-05-10
- Where: Massachusetts, United States
- Value: $33.0M
- Status: announced
- Products: chip design services, System-on-Chip IP
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [CEVA](https://endata.com/companies/40813.md) (acquirer)
- [Intrinsix Corp.](https://endata.com/companies/55009.md) (target)

## Sources

- [ceva-ip.com](https://www.ceva-ip.com/press/ceva-to-acquire-intrinsix-corp-expanding-its-offering-to-include-full-turnkey-ip-platforms/), 2021-05-10: "The acquisition of Intrinsix will provide us with new growth vectors and a larger market reach."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.