Monday, December 4, 2006

TranSwitch Plans to Acquire ASIC Design Center of Data JCE - Israel

TranSwitch plans to acquire substantially all of the assets of the ASIC Design Center division of Data JCE, Ltd., a publicly-held Israeli electronic components distribution company. The Data JCE ASIC Design Center develops and supplies customer-specific semiconductor products primarily to Israeli OEMs and fabless semiconductor companies, or Israeli divisions of US and European companies under exclusive agreements.

TranSwitch will pay an upfront cash consideration of $1 million and will issue approximately $5.7 million worth of TranSwitch Common Stock in exchange for the ongoing business of Data JCE ASIC Design Center.


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