MosChip Announces Acquisitions To Strengthen Semiconductor Business Unit
MosChip Semiconductor Technology Limited, a Hyderabad-based leading Semiconductor & IoT technology company, has approved definitive agreements/arrangements for the acquisition of four companies, namely, Gigacom Semiconductor LLC, California, USA, Gigacom Semiconductor Private Limited, Visakhapatnam, FirstPass Semiconductors Private Limited, Hyderabad, and Institute of Silicon Systems Private Limited, Hyderabad.
MosChip is making these acquisitions as part of the company’s growth plans to offer the full suite of skillset and expand business geography.
Gigacom Semiconductor LLC is a six-year-old company focused on IP development and licensing apart from Mixed Signal Design Services. It has strong customer relationships with top-tier companies for both design services and IP licensing. Moschip will benefit immensely from the silicon-proven IP and Silicon Valley presence.
Gigacom Semiconductor Private Limited is a six-year-old company primarily serving USA and India based customers in the Physical Design and Analog Layout space.
FirstPass Semiconductors Private Limited. is an eight-year-old, well-established company serving multiple customers in Design Verification, Physical Design and Analog Layout space. It serves both India and USA based customers.
Institute of Silicon Systems Private Limited. (ISS) is a reputed player in the training space and trained more than 800 engineers in Physical design and Analog Layout in the past eight years. The acquisition helps in recruiting & grooming talent pool along with revenues. These acquisitions will help MosChip to add nearly 250+ talented engineers to the global headcount and expand the footprint in the North American region. MosChip will get access to high-speed serial interface IP (SerDes) which has become key building block for any System-On-Chip (SOC) development, making it one of the few companies with productization capabilities and leading Fab relationships.
The acquisitions will come into immediate effect, subject to all necessary approvals.