Latest Dublin Prices

Aer Lingus 1.99 0.17 more
BoI 0.32 0.00 more
CRH 19.35 0.81 more
Glanbia 12.68 0.25 more
Greencore 0.64 -0.02 more
Ind. News 0.12 0.01 more
Ryanair 9.61 0.21 more


US group buy Cork-based Mingoa Ltd

Friday, July 25 11:53:32

Silicon Valley-based chipmaker Microsemi has acquired Mingoa Ltd, an Irish company that specialises in chip design geared for large-scale Ethernet, operations for an undisclosed sum.

Microsemi is a leader in energy-efficient and timing chips for the defence, aerospace, industrial and communications markets.

Microsemi said the acquisition of the Cork-based company will strengthen its communications infrastructure business.

Mingoa, established in 2009, makes chip designs embedded in hardware and software for real-time Ethernet operations, administration and monitoring. Applications include enterprise Ethernet services, mobile or small cell backhaul operations and data center connections.

The company is venture-backed by Enterprise Equity Venture Capital and Enterprise Ireland.

Microsemi isnít a big acquirer, but its strategic investments tend to be fairly pricy. In November, it paid $304 million for Symmetricom Inc., a San Jose-based company that specialises in time-keeping technology, according to US online media.

For more see: