Santa Clara, CA-based ASIC supplier ChipX Inc. http://www.chipx.com said today it will purchase Oki Semiconductor Co. http://www.okisemi.com/us’s entire U.S. ASIC engineering team.

Oki Semiconductor is a division of Oki America Inc.

ChipX says the acquisition will boost its ASIC team capabilities and allow it to be a broad-based ASIC company with a broad product including embedded arrays, gate arrays, structured ASICs and standard cell ASICs.

The combined company will have a track record of having executed and delivered more than 2000 ASIC designs over the past 20 years, with an outstanding percentage of first time working silicon, ChipX noted.

As a result of the collaboration between the two companies, Oki becomes a turnkey foundry for ChipX and has licensed its embedded array and gate array technology and internally developed IP to ChipX.

Oki also assigned all of its U.S. ASIC product backlog to ChipX and has contracted the completion of the ongoing customer designs to ChipX.

Amnon Fisher, ChipX president and CEO said in a statement, “Our customers will now have access to a broader ASIC offering enabling us to service all their ASIC needs and continue to speed their time to market.”

Masaharu Ozawa, president and COO of Oki Semiconductor added, “We are confident that our U.S. customers will be well supported by ChipX and will benefit from ChipX's Structured ASIC offering.”

As part of the deal, ChipX will take over the Oki ASIC program in the U.S. , including its engineering team, marketing professionals and client list.

Financial details of the transaction have not been disclosed.