Comment on Santa Clara chip company drops planned IPO

Santa Clara chip company drops planned IPO

Custom chip designer eASIC has pulled its plans to go public. The Santa Clara company led by CEO Ronnie Vasishta filed plans to raise up to $75 million in February, the first new filing of the year by a Bay Area tech company at that time. But it has apparently decided not to tough it out in a rough year for tech IPOs. The fabless chip company's chips are designed for the wireless and data management markets.

 

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