Lattice Semiconductor Acquires Chipmaker SiliconBlue For $62 Million In Cash

Lattice Semiconductor this morning announced that it is to acquire SiliconBlue Technologies, which develops mobile device solutions for the consumer handheld market.

Lattice Semi will pay approximately $62 million in cash for SiliconBlue and aims to close the deal before the end of the year.

Under the terms of the agreement, SiliconBlue CEO Kapil Shankar will join Lattice Semi as Corporate VP of the Mobility Business Unit and will be responsible for its mobility product lines.

Using a single chip ‘Field Programmable Gate Array’ (FPGA) fabric, SiliconBlue’s devices basically enable mobile designers to quickly add features to their mobile platform in areas such as connectivity, memory, storage, sensor management, video and imaging.

The company says its mobile FPGA devices have already shipped “in the millions of units” to major consumer OEMs who produce everything from digital camera to tablets, smartphones, ereader devices, portable media players, netbooks and notebooks.

SiliconBlue says it holds 40+ patents for its technology.

Founded in 2006, SiliconBlue raised over $60 million in funding from private equity firm Atlantic Bridge, BlueRun Ventures, Crosslink Capital, NEA and Apex Venture Partners. Just recently, the company secured $18 million in Series D financing.