Unicorn buys stake in US firm

 

Unicorn Investment Bank has acquired a 75 per cent equity stake in Open-Silicon, a market leader in chip design and outsourced manufacturing services based in California for $190 million (Dh697m).


The bank is partnering with Open-Silicon to fulfil the firm’s next phase of growth, which includes global expansion, said a statement.

Established in 2003 by the founders of Intel Microelectronics, a subsidiary of Intel, Open-Silicon designs and manufactures Application Specific Integrated Chips for a broad group of clients in the consumer electronics and telecom sectors. The company’s turnkey semi-conductor service offerings allow clients to outsource all services required to deliver high quality semi-conductor solutions that they would otherwise need to develop internally at a very high cost.


“Unicorn has been following developments at Open-Silicon for several years. The company has managed to build a differentiated and successful business model and is a clear market leader in the fabless space,” managing director of Global Private Equity at Unicorn Aamir Khan said.
 
 
Print
  • Twitter
  • submit to reddit
comments powered by Disqus

Editor's Choice

Headlines

International

Poll

How do you plan to contribute towards the ‘Year of Giving’?

Most Popular

Your Feedback

Are you satisfied with your browsing experience?

eSuggestion eComplain eComplain eSuggestion

Most Shared

Happiness Meter Icon