Santa Clara Chip Company Drops Planned Ipo

Cromwell Schubarth, Biz Journals
Mon, 11/30/2015 - 8:22am

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.

Topics: the santa clara ceo ronnie vasishta february bay area ipos asic the chip company tech year plans

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Santa Clara Chip Company Drops Planned Ipo

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