ChipX Appoints Robert "RAS" Sheffield as Chief Financial Officer.SANTA CLARA, Calif. -- ChipX, Inc., provider of differentiated ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. solutions, today announced that it has appointed Robert "RAS (1) See network access server. (2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server. " Sheffield to the position of Chief Financial Officer. Sheffield brings a wealth of experience to the role, and will help ensure that ChipX continues its solid path of growth and innovation. Sheffield has more than 30 years of executive-level finance experience with both public and private companies. He has served as CFO See Chief Financial Officer. for eight Silicon Valley companies, including Time-Warner Interactive, Faroudja, Asante Technologies, and Televideo Systems. In November 2001, Sheffield led the successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of Magma Design Automation Magma Design Automation (NASDAQ: LAVA) is a software company in the electronic design automation (EDA) industry. The company was founded in 1997 and maintains headquarters in San Jose, California. . He most recently served as the CFO of Sequence Design Inc. of Santa Clara. "ChipX has a tremendous spirit of innovation, as well as a strong position for growth, which are the major factors behind my excitement to join the ChipX team," Sheffield said. "ChipX has the right instruments in place and the right culture to be a driving force for change and growth for the future of ASICs." "I am pleased to welcome to ChipX a CFO with RAS' experience with both public and private companies," said Amnon Fisher, ChipX President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "His rich and varied background will be instrumental as we take the company to the next level." Sheffield holds a bachelor's degree in finance from California State at Northridge and an MBA from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. . For more information about ChipX broad range of ASIC solutions, please visit www.chipx.com. About ChipX ChipX, Inc. is a pioneer and leader in the development and manufacturing of differentiated ASIC solutions, including Structured ASIC and Embedded Array technology. The company's innovative, patented technology consolidates wafer production tooling, reduces time-to-market and minimizes the total cost to profit. ChipX products are widely used in consumer equipment, computing peripherals, communication systems, industrial control, medical equipment, instrumentation and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , founded in the U.S. in 1989. A subsidiary, ChipX (Israel) Ltd., performs Research & Development. Investors include Elron Electronic Industries, Ltd. (NASDQ:ELRN), VantagePoint Venture Partners, Wasserstein Venture Capital, Newlight Associates, Parker Price Venture Capital, UMC, Needham Capital Partners and Insite Capital. |
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