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Short Take: VLSI sell unit

VLSI Technology agreed to sell its Compass Design Automation subsidiary to Avant for $44 million in cash and stock so that VLSI can focus on its semiconductor business. Compass makes electronic design automation (EDA) tools.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
agreed to sell its Compass Design Automation subsidiary to Avant for $44 million in cash and stock so that VLSI can focus on its semiconductor business. Compass makes electronic design automation (EDA) tools.