Tessolve to buy German chip designer for Rs 400 crore
Tessolve has signed a definitive pact to wholly acquire German semiconductor chip design firm Dream Chip Technologies for up to Rs 400 crore.
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Srini Chinamilli, cofounder and chief executive officer of Tessolve told ET that the deal positions Bengaluru-based Tessolve among a select group of design firms worldwide capable of delivering turnkey design solutions for complex cutting-edge chips.
He added that it also bolsters Tessolve’s ability to add advanced capabilities in System on Chip (SoC) designs to cater to the AI, automotive, data centre, and industrial markets.
It will also serve to expand the company's European operations by adding four delivery sites across Germany and the Netherlands, including a specialised Advanced Driver Assistance Systems (ADAS) and imaging centre-of-excellence lab.
“Dream Chip’s capabilities further strengthen our ability to take on leading edge ASIC design projects and greatly enhance our European footprint,” Chinamilli said.
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