An improved receiver circuit for use on an integrated chip is disclosed. The receiver circuit is interposed in an interconnect line between electrical components in an integrated circuit. The receiver circuit has a transition detection circuit that generates a transition signal in response to a detection of a transition from a first state to a second state on the interconnect line and further generates the transition signal in response to a detection of a transition from the second state to the first state on said interconnect line. The receiver further includes an output signal control circuit that, in response to the transition signal, selectively outputs either a present state of said interconnect line or a next state of the interconnect line stored in the receiver.