Cambridge, UK ARM has decided not to proceed with its acquisition of Triscend following a counter bid.
On 27 January 2004 ARM Holdings announced that it had entered into an agreement for the acquisition of Triscend, a fabless semiconductor company specializing in ARM core-based microcontrollers.
Triscend has informed ARM that it has received a competing offer for the business and, after due consideration, ARM has decided not to make a counter offer and the agreement has been terminated by mutual consent.
Reports indicate that ARM will receive compensation for the breakdown of the deal and that it could look elsewhere for its first move in to supplying devices.
At present 16 companies provide off-the-shelf microcontrollers based on ARM IP: Atmel, Europe Technologies, Hynix, Intel, Motorola, NEC, Neo Magic, NetSilicon, Oki, Philips, Samsung, Sanyo, Sharp, Sony, Texas Instruments as well as Triscend.
During the Embedded World exhibition last week in Nuremberg the company said more suppliers using ARM cores to produce MCUs are to be announced and pointed out the previous Triscend announcement was on an 'intention to purchase' and had not been completed.