MosChip announces acquisitions of 4 companies Appoints new CEO

MosChip Semiconductor Technology, 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 Pvt. Ltd, Visakhapatnam, FirstPass Semiconductors Pvt. Ltd, Hyderabad, and Institute of Silicon Systems Pvt. Ltd, 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 Pvt. Ltd   is a six-year-old company primarily serving USA and India based customers in the Physical Design and Analog Layout space.

FirstPass Semiconductors Pvt. Ltd. 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 Pvt. Ltd.  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 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. Also these acquisitions will bring in synergy through Mixed signal Intellectual Property (IP) focus with proven expertise in USA geography and adding skillset in Physical Design and Analog Layout, offering full suite of design services; Enhancing talent acquisition funnel through training; Better access to top-tier customers and  Improved operational efficiency ” said Mr. Ram Reddy, Founder &DirectorMosChip. The acquisitions will come into immediate effect, subject to all necessary approvals.

Moschip is also pleased to announce the appointment of Mr. Venkata Sudhakar Simhadri as the CEO with effect from 24 July 2018. The Board also proposed to appoint him as Managing Director of the Company after obtaining the Central Government approval.

“With MrSimhadri on board as the CEO,we are confident that he will provide right impetus & direction and lead the company in this new phase of growth” said Mr. Ram Reddy, Founder &DirectorMosChip.

Arbind

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