EZchip Semiconductor

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EZchip Semiconductor Ltd.
Type Public
Traded as NASDAQEZCH
TASEEZCH
Industry Technology
Founded 1999 (1999)
Founder(s) Eli Fruchter, Alex Tal
Headquarters Yokneam, Israel
Key people Eli Fruchter (CEO)
Services Network processor development
Revenue Increase US$63.46 million (2011)
Operating income Increase US$9.76 million (2011)
Net income Increase US$7.94 million (2011)
Website www.ezchip.com
References: [1]

EZchip Semiconductor is a publicly traded fabless semiconductor company that develops and markets Ethernet network processors. Headquartered in Yokneam, Israel, its shares are traded on the NASDAQ Global Select Market and on the Tel Aviv Stock Exchange.

History[edit]

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,[2][3] 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.[4][5] 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.[6]

See also[edit]

References[edit]

  1. ^ "EZCH Income Statement". Yahoo! News. 2011. Retrieved 10 October 2011. 
  2. ^ "Eli Fruchter: Executive Profile & Biography". Bloomberg Businessweek. Retrieved 10 October 2011. "Mr. Fruchter holds a B.Sc. degree in Electrical Engineering from the Technion - Israel Institute of Technology." 
  3. ^ Lior Zano; Matan Mittelman (9 August 2011). "אלי פרוכטר, מייסד איזיצ'יפ: 'אנחנו החברה הכי רווחית בישראל'" [Eli Fruchter, EZchip founder: We are the most profitable company in Israel]. TheMarker (in Hebrew). Retrieved 10 October 2011. "פרוכטר, 56, שירת בצבא ביחידה 8200 ולמד הנדסת חשמל בטכניון." 
  4. ^ Pincas, Gitit (1 June 2008). "LanOptics completes full acquisition of EZChip". IVC (Israel Venture Capital). Globes. Retrieved 10 October 2011. 
  5. ^ Wirbel, Loring (30 July 2008). "LANOptics changes company name to EZchip". EE Times (Colorado Springs, Colorado). Retrieved 10 October 2011. 
  6. ^ Barak Harif, Tal (24 February 2012). "EZchip Jumps to Record in N.Y. as Competitors Bought Out: Israel Overnight". Bloomberg. Retrieved 26 February 2012. 

Further reading[edit]