ADI acquires a chip company!

According to eetimes, ADI recently acquired embedded FPGA and AI IP company Flex Logix, transferring the technology assets and technical team of the 10-year-old company to ADI. "Through the acquisition of Flex Logix, ADI can significantly enhance our digital portfolio and further support our efforts to help our customers solve their most challenging problems," an ADI spokesperson said. The company declined to disclose the terms of the deal or any further details. Gregory Bryant, executive vice president and president of the business unit at ADI, said in a LinkedIn post: "I am excited to welcome the talented team from Flex Logix to ADI! This team of leaders in [eFPGA] technology joins us to drive us forward on our path to leadership at the intelligent edge. Flex Logix's eFPGA technology, which seamlessly integrates FPGA structures into SoCs and ASICs, is one of the key building blocks that allows us to build differentiated platforms and help solve our customers' biggest challenges." According to Flex Logix's official website, the company's technical assets and technical team have been acquired, and existing customers have been dealt with.