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Conexant expands chip design in India through Paxonet acquisition

Posted: 09 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:conexant systems? communications chip? ip? paxonet? optical networks?

Conexant Systems Inc. has bought, for an undisclosed sum, closely held communications chip design and IP group Paxonet Communications, Inc., almost trebling its chip design capability in India.

Conexant says the deal is very much in line with its strategy of shifting its development resources to lower-cost regions as it tries to reduce operating expenses.

Though headquartered in Fremont, Calif., almost all of Paxonet's 105 chip designers are based in Pune and Bagalore. Prior to the Paxonet acquisition, Conexant had about 200 employees in its design centers in Hyderabad and Noida, India.

Paxonet has a large portfolio of modifiable and reusable IP cores used in chips targeted at optical networks and broadband/ADSL applications, and over the past few years has provided significant design support to Conexant's Red Bank, N.J.-based Broadband/DSL Access business unit.

Paxonet was founded in 1996 as CoreEl Microsystems and was primarily a supplier of IP cores. It started designing standard products for networking applications three years later, and changed its name in December 2000.

"We plan to leverage Paxonet's expertise across each of our business units as we work to accelerate new product introductions. This acquisition expands Conexant's research and development assets in India by 50 percent," commented Dwight Decker, Conexant's chairman and CEO.

- John Walko

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