MOS Corp, the Sunnyvale chip designer associated with Daewoo Telecom Co, Seoul, South Korea, has agreement in principle to acquire graphics specialist Renaissance GRX Inc in a share exchange under which ZyMOS will issue 0.75 of a new share for each Renaissance out. Renaissance GRX designs and markets hardware and software aimed at improving the speed and quality of graphics on MS-DOS micros, and noted particularly for its graphics software. But it has had weak gross margins, to a great extent associated with costly low volume subcontract manufacturing. ZyMOS reckons that it can fix this with the low-cost, high-volume production expertise it has acquired making motherboards.
