Tabula, a maker of programmable semiconductors for network infrastructure that won Cisco Systems as an early customer and Intel as a manufacturing partner, is reportedly planning to shut down by late March.
The initial report surfaced in a SemiWiki post, whose author attributes the information to an unnamed friend who "talked to a couple of employees." Tabula Inc. has had no public reaction to the report. The company has yet to respond to an email inquiry from Light Reading, and other efforts to reach Tabula employees for comment have so far been unsuccessful.
Tabula specializes in field programmable gate array chip architectures, a sector that also includes Xilinx Inc. (Nasdaq: XLNX), Altera Corp. (Nasdaq: ALTR), Lattice Semiconductor Corp. (Nasdaq: LSCC), Microsemi Corp. and a number of other firms. The FPGA market traditionally has proven a difficult one in which to compete -- not only because of the large number of firms playing there, but also because of the expense associated with producing the custom and reconfigurable semiconductors.
In 2011, Tabula raised $108 million and won a supply deal from Cisco Systems Inc. (Nasdaq: CSCO). The following year, it cut a deal with Intel Corp. (Nasdaq: INTC) to be the foundry for a line of programmable logic device for Ethernet products. (See Tabula Gets $108M – & Cisco and Tabula Builds With Intel.)
— Dan O'Shea, Managing Editor, Light Reading