Cisco buys chipmaker Leaba for USD 320 mln

News Broadband Global 2 MAR 2016
Cisco buys chipmaker Leaba for USD 320 mln
Cisco announced an agreement to acquire Israel-based Leaba Semiconductor for USD 320 million cash, plus additional retention-based incentives. The Leaba team will report into Cisco’s Core Hardware Group, led by Senior Vice President, Ravi Cherukuri. According to a blog posting by Cisco's VP for business development, Rob Salvagno, Leaba will help the company accelerate its plans for Cisco’s next-generation product portfolio and bring new capabilities to the market faster. 

Leaba is a fabless semiconductor company backed by venture capital and still operating in 'stealth mode'. The company said it's working on "innovative solutions for significant infrastructure challenges" and "assembling one of the best teams of engineering". 

Categories:

Fixed

Companies:

Cisco

Regions:

Global

Tags:

Devices, Semiconductors, Wholesale, M&A buyouts & divestments

Related Articles

GLOBAL 19 MAY 2016

Cisco grows revenues 3% in April quarter, net profit lower

Cisco reported revenues of USD 12 billion for its fiscal third quarter to April, up 3 percent from a year ago after excluding the sale of its set-top box business. Including this, sales were down 1 percent. The result was in line with its guidance, and a "strong performance in a challenging environment", said CEO Chuck Robbins. The company's net profit fell 4 percent to USD 2.3 billion, and EPS declined 2 percent USD 0.46. Revenue growth was strongest in Asia at 10 percent, and sales rose 4 percent in the A

GLOBAL 3 MAR 2016

Cisco koopt chipmaker Leaba voor 320 miljoen dollar

Cisco heeft overeenstemming bereikt over de acquisitie van Leaba Semiconductor, voor een bedrag van 320 miljoen dollar in contanten en een aantal 'retention fees'. Het bedrijf wordt onderdeel van de Cisco Hardware Group, onder leiding van SVP Ravi Cherukuri. Volgens Cisco zal Leaba een bijdrage leveren aan Cisco's next-generation producten en diensten. Wat het bedrijf doet, is niet bekend. Leaba is een fabless (geen eigen fabrieken) maker van halfgeleiders. Het is in handen van private financiers en omschri

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.