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Tessolve, a venture of Hero Electronix, is set to acquire Germany-based Dream Chip Technologies for up to ₹400 Crore. This strategic acquisition aims to strengthen Tessolve’s position in the global semiconductor industry by enhancing its design capabilities and expanding its operations across Europe.
Tessolve Boosts European Presence with ₹400 Crore Acquisition of Dream Chip Technologies
Tessolve,͏͏ a͏͏ part͏͏ of͏͏ Hero͏͏ Electronix,͏͏ is͏͏ set͏͏ to͏͏ make͏͏ a͏͏ significant͏͏ move͏͏ in͏͏ the͏͏ semiconductor͏͏ industry͏͏ by͏͏ acquiring͏͏ Dream͏͏ Chip͏͏ Technologies,͏͏ Europe’s͏͏ leading͏͏ chip͏͏ design͏͏ company.͏͏ The͏͏ deal͏͏ is͏͏ valued͏͏ at͏͏ up͏͏ to͏͏ ₹400͏͏ Crore͏͏ (around͏͏ EUR͏͏ 42.5͏͏ Million)͏͏ and͏͏ is͏͏ pending͏͏ regulatory͏͏ approvals.
This͏͏ acquisition͏͏ marks͏͏ a͏͏ major͏͏ step͏͏ for͏͏ Tessolve,͏͏ elevating͏͏ it͏͏ to͏͏ the͏͏ ranks͏͏ of͏͏ global͏͏ leaders͏͏ in͏͏ chip͏͏ and͏͏ ASIC͏͏ design.͏͏ By͏͏ bringing͏͏ Dream͏͏ Chip͏͏ on͏͏ board,͏͏ Tessolve͏͏ is͏͏ not͏͏ just͏͏ expanding͏͏ its͏͏ portfolio͏͏ but͏͏ also͏͏ enhancing͏͏ its͏͏ capabilities͏͏ in͏͏ creating͏͏ complex͏͏ System͏͏ on͏͏ Chip͏͏ (SoC)͏͏ designs.͏͏ These͏͏ designs͏͏ are͏͏ crucial͏͏ for͏͏ sectors͏͏ like͏͏ artificial͏͏ intelligence͏͏ (AI),͏͏ automotive,͏͏ data͏͏ centers,͏͏ and͏͏ industrial͏͏ markets.
“With͏͏ Dream͏͏ Chip,͏͏ we’re͏͏ not͏͏ just͏͏ adding͏͏ a͏͏ company;͏͏ we’re͏͏ gaining͏͏ a͏͏ team͏͏ of͏͏ top-notch͏͏ engineers͏͏ and͏͏ architects,”͏͏ said͏͏ Srini͏͏ Chinamilli,͏͏ Co-founder͏͏ &͏͏ CEO͏͏ of͏͏ Tessolve.͏͏ “This͏͏ helps͏͏ us͏͏ take͏͏ on͏͏ more͏͏ advanced͏͏ ASIC͏͏ projects͏͏ and͏͏ boosts͏͏ our͏͏ presence͏͏ in͏͏ Europe.”
Expanding͏͏ Operations͏͏ in͏͏ Europe
Dream͏͏ Chip͏͏ Technologies,͏͏ based͏͏ in͏͏ Germany,͏͏ comes͏͏ with͏͏ a͏͏ skilled͏͏ team͏͏ known͏͏ for͏͏ their͏͏ expertise͏͏ in͏͏ complex͏͏ digital͏͏ designs.͏͏ Tessolve͏͏ plans͏͏ to͏͏ expand͏͏ its͏͏ European͏͏ operations͏͏ by͏͏ adding͏͏ four͏͏ new͏͏ locations͏͏ in͏͏ Germany͏͏ and͏͏ the͏͏ Netherlands.͏͏ This͏͏ includes͏͏ a͏͏ specialized͏͏ lab͏͏ for͏͏ ADAS͏͏ and͏͏ imaging,͏͏ which͏͏ are͏͏ key͏͏ areas͏͏ in͏͏ modern͏͏ automotive͏͏ technology.
Ujjwal͏͏ Munjal,͏͏ Chairman͏͏ of͏͏ Tessolve,͏͏ added,͏͏ “With͏͏ Dream͏͏ Chip,͏͏ we’re͏͏ poised͏͏ to͏͏ lead͏͏ the͏͏ custom͏͏ chip͏͏ market.͏͏ As͏͏ more͏͏ companies͏͏ look͏͏ for͏͏ tailored͏͏ chip͏͏ solutions,͏͏ our͏͏ combined͏͏ strengths͏͏ will͏͏ meet͏͏ these͏͏ growing͏͏ demands͏͏ effectively.”
Design͏͏ and Chip Architecture Capabilities
The͏͏ merger͏͏ brings͏͏ together͏͏ Dream͏͏ Chip’s͏͏ strong͏͏ front-end͏͏ design͏͏ and͏͏ chip͏͏ architecture͏͏ skills͏͏ with͏͏ Tessolve’s͏͏ excellence͏͏ in͏͏ post-silicon͏͏ testing͏͏ and͏͏ packaging͏͏ design.͏͏ This͏͏ combination͏͏ aims͏͏ to͏͏ offer͏͏ complete͏͏ chip͏͏ design͏͏ solutions͏͏ from͏͏ the͏͏ initial͏͏ specifications͏͏ all͏͏ the͏͏ way͏͏ to͏͏ mass͏͏ production.͏͏ This͏͏ end-to-end͏͏ service͏͏ can͏͏ give͏͏ customers͏͏ a͏͏ crucial͏͏ edge͏͏ in͏͏ getting͏͏ their͏͏ products͏͏ to͏͏ market͏͏ faster.
Jens͏͏ Benndorf,͏͏ CEO͏͏ of͏͏ Dream͏͏ Chip͏͏ Technologies,͏͏ expressed͏͏ his͏͏ enthusiasm͏͏ about͏͏ the͏͏ merger.͏͏ “Joining͏͏ Tessolve͏͏ allows͏͏ us͏͏ to͏͏ take͏͏ our͏͏ digital͏͏ chip͏͏ design͏͏ and͏͏ embedded͏͏ software͏͏ expertise͏͏ to͏͏ a͏͏ global͏͏ stage.͏͏ Together,͏͏ we͏͏ can͏͏ push͏͏ the͏͏ boundaries͏͏ in͏͏ areas͏͏ like͏͏ camera͏͏ systems͏͏ and͏͏ AI-driven͏͏ applications,”͏͏ he͏͏ said.
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