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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.
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