Monday, Dec 9 2024 | Time 09:17 Hrs(IST)
image
Business EconomyPosted at: Nov 6 2024 8:30PM


Tessolve to acquire Europe’s chip design firm for up to Rs 400 crore

New Delhi, Nov 6 (UNI) Tessolve, a Hero Electronix venture and a leading provider of semiconductor engineering solutions, on Wednesday announced the signing of a definitive agreement to acquire 100% of Germany-headquartered semiconductor chip design firm Dream Chip Technologies for a consideration of up to Rs 400 crore.
"This acquisition positions Tessolve among a select group of design firms worldwide capable of delivering turnkey design solutions for complex cutting-edge chips. It further strengthens Tessolve’s leadership in the industry by adding advanced capabilities in System on Chip (SoC) designs for the artificial intelligence (AI), automotive, data center, and industrial markets," an official release said.
The company said that the acquisition will also expand Tessolve’s European operations by adding four delivery locations across Germany and Netherlands.
“This acquisition solidifies our position as a top tier semiconductor engineering firm globally with unmatched design to productization capabilities,” said Srini Chinamilli, Co-founder & CEO of Tessolve.
“Dream Chip’s capabilities further strengthen our ability to take on leading edge ASIC design projects and greatly enhance our European footprint,” he added.
Dream Chip Technologies, headquartered in Germany, is one of the leading semiconductor design service companies in the region, particularly for its expertise in complex digital designs.
"By combining our design capabilities and IP with Tessolve’s established semiconductor services and embedded solutions, we can offer our customers a truly end-to-end solution from chip architecture to post-silicon test and supply chain management for their most complex designs,” said Jens Benndorf, CEO of Dream Chip Technologies.
UNI NK CS2030
Please log in to get detailed story.
Tags: #Tessolve to acquire Europe’s chip design firm for up to Rs 400 crore
More News

Kottayam-Kochi Rubber Market Rates

07 Dec 2024 | 8:02 PM

Kottayam, Dec 7 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

Sitharaman holds pre-Budget meet with agri sector experts, MSMEs

07 Dec 2024 | 5:25 PM

New Delhi, Dec 7 (UNI) Union Finance Minister Nirmala Sitharaman on Saturday held the second pre-Budget consultation with various farmer associations and leading agricultural economists to
seek their suggestions for the forthcoming Budget 2025-26.

see more..

AP: Commodore Rakesh Prasad assumes charge as new Director of Hindustan Shipyard Ltd

07 Dec 2024 | 4:52 PM

Visakhapatnam, Dec 7 (UNI) Commodore Rakesh Prasad, after completing 32 years of distinguished service in the Indian Navy, assumed charge as Director (Corporate Planning & Personnel) at Hindustan Shipyard Limited (HSL) here on Saturday.

see more..

AP :Construction of Rs 191 crore additional production plant of EDL commences

07 Dec 2024 | 4:46 PM

Sri City ( Andhra Pradesh), Dec 7 (UNI) An additional new state-of-the-art manufacturing facility of EPACK Durable Limited (EDL) started in Sri City, marking a significant expansion of its strategic partnership with Hisense, a global leader in consumer electronics, home appliances, and air conditioning.

see more..

Seminar on semiconductor by nasscom FAYA:80 on Dec 11

07 Dec 2024 | 2:16 PM

Thiruvananthapuram, Dec 7 (UNI) nasscom FAYA:80, a knowledge community based at Technopark, will host a seminar on semiconductor technologies at Technopark here on December 11.

see more..
image