Comments
MosChip Semiconductor Technology, a semiconductor and Internet of Things technology company, will acquire four companies -- Gigacom Semiconductor, California, Gigacom Semiconductor, FirstPass Semiconductors and Institute of Silicon Systems.
The board has given its approval for the definitive agreements for acquiring four companies, three from India and one from the USA. MosChip has named Venkata Sudhakar Simhadri as the Chief Executive Secretary with effect from July 24, 2018.
“The acquisition helps in recruiting and grooming talent pool along with revenues. These acquisitions will help us add nearly 250 engineers,” Ram Reddy, Founder Director of MosChip, said.
Besides, the acquisition would help the firm to expand its presence in the North American region.
Gigacom Semiconductor is focused on IP development and licensing apart from Mixed Signal Design Services. It has customers in the USA and India. FirstPass Semiconductors works in Design Verification, Physical Design and Analog Layout.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.