Alten Calsoft Labs acquired Bengaluru-based Chip Design Company
The subsidiary of the $2.2-billion French IT firm Alten Group known as Alten Calsoft Labs acquired Bengaluru-based chip design company Si2Chip. The basic purpose of this acquisition is to expand its footprint in the VLSI (very large-scale integration) practice and bolster its semiconductor portfolio.
Following this acquisition, the company will add 200 engineers to Alten Calsoft's VLSI division. According to the sources, the size of the acquisition is expected to be under $10 million.
Talking about Si2Chip, the company has delivered over 200 projects and counts the top ten semiconductor companies as its customers. It was founded in 2013 and has a a deep understanding of IPs, and optimisation of system-on-chip (SOC) designs.
“We are poised to deliver excellence in next-generation tec...