MosChip announces acquisitions to strengthen Semiconductor Business Unit & CEO appointment

Acquisitions bring in synergy through: - • Mixed-signal Intellectual Property (IP) focus on proven expertise • USA geographic business focus & scale - Adding skillset in Physical Design and Analog Layout, offering a full suite of design services • Enhancing talent acquisition funnel through training • Better access to top-tier customers - Improved operational efficiency End Quote

(1888PressRelease) January 05, 2019 - 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. (ISS) 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 add nearly 250+ talented engineers to its global headcount and expand footprint in North American region. MosChip will also get access to high-speed serial interface IP (SerDes) which has become a key building block for any system-on-chip (SoC) development, making MosChip one of the few companies with production capabilities with leading fab relationships." MosChip founder Ram Reddy said in a statement.

He further added, "These acquisitions will bring in synergy through mixed-signal intellectual property (IP) focus with proven expertise in physical design and analog layout, offering a full suite of design services, enhancing talent acquisition funnel through training, better access to top-tier customers and improved operational efficiency."

The acquisitions will come into immediate effect, subject to all necessary approvals. Moschip is also pleased to inform 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. Venkata is a serial entrepreneur and proven executive in the semiconductor industry. He is the Founder, President & CEO of Gigacom Semiconductor LLC & Founder / Director of Gigacom India (which are under acquisition by MosChip) and the driving force behind establishing IP licensing and design services business with leading semiconductor companies. Earlier to Gigacom, Venkata was the Founder, President & CEO of Time-to-Market (TTM) from 1998 till its acquisition by Cyient in 2008 and was its head of Hi-tech Business Unit till 2012. Venkata has 30 years of experience, primarily working in the USA and India region. He did his BE. from Andhra University and MS from New Jersey Institute of Technology (NJIT)

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