Tessolve acquires Dream Chip Technologies in $45.8m deal

Indian semiconductor engineering company Tessolve has acquired Dream Chip Technologies for $45.8 million. Dream Chip Technologies is a German semiconductor chip design firm that focuses on the development and design of ASICs, SoCs, and field programmable gate arrays (FPGAs).

“This acquisition solidifies our position as a top-tier semiconductor engineering firm globally with unmatched design-to-productization capabilities,” said Tessolve co-founder and CEO Srini Chinamilli. “Dream Chip’s capabilities further strengthen our ability to take on leading-edge ASIC design projects and greatly enhance our European footprint.”

Dream Chip Technologies CEO Jens Benndorf added: “By combining our design capabilities and IP with Tessolve’s established semiconductor services and embedded solutions, we can offer our customers a truly end-to-end solution from chip architecture to post-silicon test and supply chain management for their most complex designs.”