Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 04, 2015 10:53 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of ChipX, Inc.

Company Overview

ChipX, Inc. designs and manufactures application-specific integrated circuit (ASIC) solutions. It offers fabricates, assembles, packages, tests, and delivers standard cell, structured ASIC, and hybrid ASIC products. The company also provides digital to analog converters, PCI Express PHY, USB HS on-the-go PHY, analog to digital converters, PLL's, and DDRII memory interfaces. In addition, it offers services, such as FPGA to ASIC structured ASIC conversion, structured ASIC conversion to standard cell, analog design, and conversion of obsolete third-party ASIC/FPGA to structured ASIC, as well as back-end design services. The company’s products are used in consumer, industrial, networking, medica...

2323 Owen Street

Santa Clara, CA 95054

United States

Founded in 1985

Phone:

408-988-2445

Fax:

408-988-2449

Key Executives for ChipX, Inc.

Vice President of Sales
Compensation as of Fiscal Year 2015.

ChipX, Inc. Key Developments

GigOptix, Inc., ChipX, Incorporated and Endwave Corporation Enter into Second Amendment to the Second Restated Loan Agreement with Silicon Valley Bank

On March 29, 2013, GigOptix, Inc. and its ChipX, Incorporated and Endwave Corporation previously on March 25, 2013 entered into a Second Amended and Restated Loan and Security Agreement with Silicon Valley Bank (SVB). The terms of the Second Restated Loan Agreement were set to expire on March 9, 2015. On March 9, 2015, SVB and the Borrowers entered into a First Amendment to the Second Restated Loan Agreement in order to extend the expiration date of the Second Restated Loan Agreement by 60 days to May 8, 2015. The Borrowers intended to use this period of time to negotiate the terms of a new loan and security agreement with SVB. On May 15, 2015, SVB and the Borrowers entered into a Second Amendment to the Second Restated Loan Agreement, effective as of May 8, 2015. Pursuant to the Second Amendment, the total aggregate amount that the Borrowers will be entitled to borrow from SVB increased to $10.5 million, which was split into two different credit facilities, comprised of (i) the previously existing Revolving Loan facility which was amended to increase the amount the Borrowers were entitled to borrow from SVB from $3.5 million to $7 million, based on net eligible accounts receivable after an 80% advance rate and subject to limits based on the Borrowers eligible accounts as determined by SVB, and (ii) a separate facility which has not changed from the original Second Restated Loan Agreement and under which the Borrowers are entitled to borrow from SVB up to $3.5 million without reference to accounts receivable under which the principal balance and accrued interest must be repaid within 3 business days after the date of any advance under the facility. In addition, the Applicable Rate was decreased from Prime Rate plus 0.6% to Prime Rate plus 0.4%, and the default interest rate increase was decreased from 5% to 3%. Finally, the Borrowers are paying a loan fee of $25,000 to SVB. The terms of the Second Amendment are set to expire on May 6, 2016.

Similar Private Companies By Industry

Company Name Region
Zelig Networks Inc. United States
SpectraWatt Inc. United States
Telecruz Technology, Inc. United States
Better Energy Systems Inc. United States
Boston Semi Automation, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ChipX, Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.