Following the IPO in 1994 MOSAID began development of custom embedded memory such as HDRAM, a high-density RAM for logic processes that was used by
Newbridge Networks for a custom
ASIC employed in the core of their ATM switch product. Accelerix, a joint venture with UK-based Symbionics was formed to develop a fully integrated 2D graphics accelerator and frame buffer in a merged DRAM-logic process. The Accelerix chip failed to gain market traction as 3D graphics accelerators were introduced. MOSAID continued designing industry standard DRAM components for semiconductor manufacturers. As a contributing member of the
JEDEC standards organization, MOSAID helped define and develop some of the earliest Synchronous DRAM (
SDRAM) devices prototype for the members of the Consortium. Although SLDRAM did not enter high-volume production, many of the features were incorporated later into JEDEC DDR standards. 1999 saw the development of several networking products to establish a MOSAID-branded
fabless component supply business. These included a Gbit
Ethernet switch on a chip with integrated DRAM switching fabric developed as a joint venture with
Toshiba, a DRAM-based
content addressable memory (CAM) for fast routing table lookup, and a multiprocessor cryptographic accelerator developed in partnership with Chrysalis-ITS. The
dot-com crash in 2000 laid low MOSAID's plans to become a merchant semiconductor supplier. Also in 1999 the first broad patent licensing agreement was signed with
Fujitsu. Within a few years all the major Japanese DRAM manufacturers had licensed the MOSAID portfolio. The largest DRAM players would need litigation to encourage them to take a license, beginning with
Samsung in 2001 followed by
Infineon,
Hynix, and
Micron in later years. Patent licensing became MOSAID's most profitable revenue stream. After the fabless component supply business shut down was completed in 2003, MOSAID entered the SIP (Semiconductor IP) market to provide silicon-proven macrocell blocks to system-on-chip developers. The first product was a
DDR3 SDRAM interface and controller. California-based Virtual Silicon was acquired in 2005 to add
standard cell libraries and
PLL macrocells to the SIP offerings. Following a shareholder proxy battle in 2007, the memory tester and SIP businesses were divested to focus on patent licensing. The SIP business was sold to
Synopsys and the tester business was sold to
Teradyne. Support and maintenance of the installed base of MOSAID testers was taken on by a startup company EPM Test. The company retained a small R&D group which developed a high performance
NAND flash memory interface called HLNAND, which employed a synchronous point-to-point DDR ring architecture. With the aging of MOSAID's home-grown patent portfolio, patent acquisitions were seen as the key to future growth. In 2011, in the midst of a hostile takeover bid from
WiLAN, the company acquired a large portfolio of wireless patents from Nokia through its Core Wireless subsidiary. Shortly thereafter, the business was taken private by Sterling Partners, a US-based private equity firm. == A Privately Held Company Once Again (2011-present) ==