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In connection with the completion of this acquisition, Cavium Networks paid total consideration of approximately $9 million in cash and has hired most of Star Semiconductor's employees, according to the company.
On July 16, Cavium Networks announced a definitive agreement to acquire certain assets of Star Semiconductor. Star Semiconductor is a Taiwan-based design house in Hsinchu with expertise in building highly integrated ARM-based SOC processors for the broadband, connected home and SOHO market segments. This acquisition will provide Cavium Networks with a highly experienced stand-alone SOC processor team based in Taiwan. With this acquisition Cavium plans to deliver highly optimized, cost effective and low power SOC processors to address a significantly broader range of network connected, triple-play enabled devices for the digitally connected home and office, the company said.
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