Technical Insight
Vitesse to purchase Danish design house (GaAs News)
Vitesse is to acquire Exbit Technology, a fabless semiconductor company located at Herlev in Denmark that develops highspeed chip-sets and IP cores for the communications and networking industry. The company is developing Gigabit and 10 Gigabit Ethernet switching and routing technology with a view to providing complete systems solutions for the networking equipment manufacturers. The transaction will be accounted for by the exchange of 4.4 million of Vitesse shares, and should be completed by the end of June.