Tessolve buys German chip design firm

BENGALURU: Hero Electronix’s Tessolve to acquire Germany-headquartered semiconductor chip design firm Dream Chip Technologies for up to Rs 400 crore.

Founded in Bengaluru, this acquisition will strengthen Tessolve’s leadership in the industry by adding advanced capabilities in system on chip (SoC) designs for the artificial intelligence (AI), automotive, data center, and industrial markets. The acquisition will expand Tessolve’s European operations by adding four delivery locations across Germany and Netherlands, including a specialised ADAS & imaging center-of-excellence lab.