EZchip Semiconductor

{{Infobox company

| name = EZchip Semiconductor Ltd.

| log =

| caption =

| fate = Acquired by Mellanox Technologies

| predecessor =

| successor =

| foundation = {{Start date and age|1999}}

| founder = Eli Fruchter, Alex Tal

| defunct = {{end date|2016}}

| location_city = Yokneam Illit

| location_country = Israel

| location =

| locations =

| area_served =

| key_people = Eli Fruchter (CEO)

| type = Public

| traded_as = {{ubl|{{NASDAQ was|EZCH}}|{{TASE was|EZCH}}}}

| industry = Semiconductors

| products =

| services = Network processors

| revenue = {{Increase}} US$70.85 million (2013)

| operating_income = {{Increase}} US$19.65 million (2013)

| net_income = {{Increase}} US$21.70 million (2013)

| assets = {{Increase}} US$329.70 million (2013)

| equity =

| owner =

| num_employees = 164 (2013)

| parent = Mellanox Technologies

| divisions =

| subsid =

| homepage = {{URL|www.ezchip.com}}

| footnotes = {{cite web|title=EZCH Income Statement|url=https://finance.yahoo.com/q/is?s=EZCH+Income+Statement&annual|work=Yahoo! News|access-date=10 October 2011|year=2011}}

| intl =

}}

EZchip Semiconductor Ltd. was a publicly traded fabless semiconductor company, headquartered in Yokneam, Israel, that developed and marketed Ethernet network processors. It was acquired by Mellanox Technologies in 2016.

History

EZchip was co-founded in 1999 by Eli Fruchter, a Technion graduate in the field of electrical engineering and veteran of the Israel Defense Forces' 8200 intelligence unit,{{cite web|title=Eli Fruchter: Executive Profile & Biography|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=321726&ticker=EZCH:IT&previousCapId=321724&previousTitle=EZCHIP%20SEMICONDUCTOR%20LTD|work=Bloomberg Businessweek|access-date=10 October 2011|quote=Mr. Fruchter holds a B.Sc. degree in Electrical Engineering from the Technion - Israel Institute of Technology.}}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}{{cite news|title=אלי פרוכטר, מייסד איזיצ'יפ: 'אנחנו החברה הכי רווחית בישראל'|url=http://it.themarker.com/tmit/article/16436|access-date=10 October 2011|newspaper=TheMarker|date=9 August 2011|author=Lior Zano|author2=Matan Mittelman|language=he|trans-title=Eli Fruchter, EZchip founder: We are the most profitable company in Israel|quote=פרוכטר, 56, שירת בצבא ביחידה 8200 ולמד הנדסת חשמל בטכניון.}} and Alex Tal who served as Ezchip's first CTO and V.P R&D. Until 2008, EZchip operated as a subsidiary of LANOptics, then a developer of Ethernet switching chips and security software. After LANOptics completed its full acquisition of EZchip in January 2008, it changed its name to EZchip and its ticker symbol from LNOP to EZCH.{{cite news|last=Pincas|first=Gitit|title=LanOptics completes full acquisition of EZChip|url=http://www.ivc-online.com/ivcWeeklyItem.asp?articleID=6387|access-date=10 October 2011|newspaper=IVC (Israel Venture Capital)|date=1 June 2008|agency=Globes}}{{Dead link|date=August 2019 |bot=InternetArchiveBot |fix-attempted=yes }}{{cite news|last=Wirbel|first=Loring|title=LANOptics changes company name to EZchip|url=http://www.eetimes.com/electronics-news/4078186/LANOptics-changes-company-name-to-EZchip|access-date=10 October 2011|newspaper=EE Times|date=30 July 2008|location=Colorado Springs, Colorado}} Over the twelve-month period leading up to February 2012, shares of EZchip rose 40% on the Nasdaq index as demand for its processors grew and speculation increased that the company would get bought out.{{cite news|last=Barak Harif|first=Tal|title=EZchip Jumps to Record in N.Y. as Competitors Bought Out: Israel Overnight|url=https://www.bloomberg.com/news/2012-02-23/ezchip-jumps-to-record-in-n-y-as-competitors-bought-out-israel-overnight.html|access-date=26 February 2012|newspaper=Bloomberg|date=24 February 2012}}

In July 2014, EZchip acquired Tilera, a company that develops high-performance multi-core processors, intelligent network interface cards and white-box appliances for data-center networking equipment, $130 million in cash.[http://www.lightreading.com/components/comms-chips/ezchip-to-buy-tilera/d/d-id/709692 EZchip to Buy Tilera]

In January 2016, a shareholder vote passed that approved the merger of Mellanox Technologies and EZchip. The acquisition was completed on 23 February 2016.{{citation needed|date=January 2018}}

EZchip Semiconductor

History

See also

References

Further reading