MosChip Board gives nod for acquisition of 4 firms

FirstPass Semiconductors was serving multiple customers in design verification, physical design and analog layout space while the Institute of Silicon Systems was a reputed player in the training space, the release said.

PTI

September 05, 2018 / 14:37 IST

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City-based MosChip Semiconductor Technology Wednesday said its Board of Directors have approved acquisition of four companies, including one in the US, being made as part of the company's growth plans.

The board gave its approval to the definitive agreements for acquiring Gigacom Semiconductor LLC, California, USA, Gigacom Semiconductor Pvt. Ltd, Visakhapatnam and city-based FirstPass Semiconductors Pvt. Ltd and the Institute of Silicon Systems Pvt. Ltd, a company release said.

MosChip was making these acquisitions as part of the companys growth plans to offer full suite of skill-set and expand business geography, it said. Gigacom Semiconductor LLCis a six-year-old company focused on IP development and licensing apart from Mixed Signal Design Services.

Moschip will benefit immensely from the silicon proven IP and Silicon Valley presence, it said. Gigacom Semiconductor is a six-year-old company primarily serving USA and India based customers in the Physical Design and Analog Layout space.

FirstPass Semiconductors was serving multiple customers in design verification, physical design and analog layout space while the Institute of Silicon Systems was a reputed player in the training space, the release said.