New Delhi: Hero Electronix-owned semiconductor design company Tessolve has acquired Germany’s Dream Chip Technologies $400 crore, the deal will enable the Bengaluru-based technology company to design more complex processors and give it a competitive edge.
The deal strengthens Tessolve’s design capabilities and gives it better access to the European market. Srini Chinamilli, co-founder and CEO of Tessolve, said: “We have more than 30 employees in Europe, and through this acquisition, our business scale will be much larger.” Mint.
Dream Chip undertakes chip design or system-on-chip design for artificial intelligence (AI), automotive, data center and industrial markets. Jens Benndorf, CEO of Dream Chip Technologies, said: “The hottest topic in Germany right now is autonomous driving. We can help the automotive industry innovate faster to remain competitive in the global market.”
Dream Chip will continue to operate as an independent brand
The acquisition is an all-cash transaction and Dream Chip will continue to operate as an independent brand under Tessolve. Tessolve will provide a platform with greater global reach and engineering bandwidth, which in turn will help the German company take on larger projects and expand its sales reach.
The acquisition will also expand Tessolve’s European operations by adding four more delivery locations in Germany and the Netherlands. This is Tessolve’s sixth acquisition in the past 10 years, and the main purpose is to improve personnel quality and increase capabilities, rather than maximizing revenue.
Ujjwal Munjal, chairman of Tessolve, said in a statement: “With the synergies brought by Dream Chip Technologies, I believe Tessolve will have unparalleled capabilities to become a world leader in this field. As major companies increasingly turn to custom chips Design, this acquisition positions Tessolve better than ever to meet the growing demands of the custom wafer market.
Hero Group companies design, test and produce semiconductor wafers for 80% of the world’s 20 largest semiconductor companies in 10 countries and are currently expanding their operations globally. The company recently opened labs in the US, Singapore and India, and plans to set up centers in tier-2 cities across the country.
Tessolve’s solutions help semiconductor manufacturing and packaging companies accelerate their products to market because they do not need to invest in their own design, engineering and testing of wafers that can be used in a variety of areas including automotive and power management. and data center products.
Mint It was reported in July that Tessolve ended fiscal 2024 $Revenue is expected to reach Rs 1,000 crore in fiscal 2025, growing 20% due to demand from India.
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