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Xelic was established in 2002 by several chip industry veterans to provide engineering services in the design of application-specific integrated circuits (ASICs), field-programmable gate arrays (FPGAs), and printed circuit boards. The company also offers intellectual property (IP) cores used in the design of networking products. Customers include Delphi, Lightwaves Systems, National Semiconductor, Qtera Corp. (acquired by Nortel Networks), and Xerox. Xelic is owned by its management team.