TESSOLVE SEMICONDUCTOR
To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
Tata Electronics begins export of semiconductor chip samples from Bengaluru centre
Tata Electronics, a company based in Bengaluru, India, has begun exporting small amounts of semiconductor chips. This is a significant step that could improve India's ability to produce these important components. The chips are being packaged at a pilot production line located at Tata Electronics' research and development center. This information comes from people with knowledge of the situation but who do not want to be identified publicly.
Tata Electronics set for semiconductor packaging foray
The company was, however, only scouting the market for a technology partner for advanced packaging and not traditional packaging, which, Manickam said, was the other segment of the packaging business.
Making semiconductor chips in India, for the world
Several factors have come together to make India an attractive semiconductor manufacturing destination at a time of a global chip shortage. But the government needs to act fast on proposals and incentives to not miss the bus again.
ETtech Deals Digest: Razorpay, Chargebee raise funds
India’s fast-growing fintech and digital payments sector continues to attract investors.
Tessolve raises $40 million in funding from Novo Tellus
Tessolve plans to utilise the capital to beef up its semiconductor design and engineering capabilities inorganically through acquisitions in the US Bay area
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Gift of the jab
Also in today's ETtech Morning Dispatch: TCS, Infosys, Wipro and Tech Mahindra are kicking off covid vaccination drives; Social media is India's Covid-19 lifeline; Karnataka allows only essential deliveries on weekends during partial lockdown.
Hero Electronix’s Tessolve elevates co-founder Srinivas Chinamilli as CEO
“Srini has been a key member of the founding team and has been instrumental in developing Tessolve’s organization and business. Srini brings deep business acumen to his new role as CEO and is the ideal leader to drive Tessolve to greater successes in the future,” said Suman Kant Munjal, chairman, Tessolve Semiconductors.
Hero Electronix arm acquires chip design services firm T&VS
The acquisition provides impetus to Tessolve’s chip design offering taking its overall company strength to over 2,000 engineers and cements Tessolve as a leading end-to-end provider of semiconductor engineering services.
Hero Electronix sets up semiconductor chip design centre in Bengaluru
The Bengaluru centre will work in close association with Tessolve's other design centres to develop innovative chip solutions across verticals.
Hero Electronix acquires Zenatix, forays into IoT space
Founded in 2013 by IIT-Delhi engineers, Zenatix has built its own proprietary Internet of Things (IoT) stack, which includes hardware, cloud-based software and big-data analytics.
Hero Electronix acquires analog design business of AnalogSemi
The acquisition - whose financial details have not been disclosed - was made through the company's engineering services venture, Tessolve, Hero Electronix said in a statement.
Hero Electronix eyes $1-billion business in next 4 years
Hero Electronix expects acquisitions and partnerships to boost revenue, which was Rs 600 crore in the last fiscal year.
Hero Electronix buys India business of Germany's TES DST Holding
The new division, Tessolve Embedded Systems, will focus on supporting the design and manufacture of innovative electronic products for global companies.
Hero Electronix acquires Tessolve Semiconductor
Hero Electronix and its group companies plan to invest Rs 1000-2000 crore in the next 5-7 years to fund its expansion plans.
Tech firms to invest Rs 2,600 crore in electronic manufacturing
While Tejas Networks will invest in telecom equipment manufacturing, Tessolve Semiconductor plans to set up an assembly and testing plant.
India receives Rs 65,000 crore investment proposals for semiconductor and electronics manufacturing business
DeitY has received proposals for investments worth a total of about Rs 65,000 crore in the area of semiconductor business.
Reliance Venture invests in Gradatim IT Ventures
Anil Dhirubhai Ambani Group firm Reliance Venture Asset Management today said it has completed the first round of venture funding in technology solutions provider Gradatim IT Ventures.
$75 bn global risk capital to flow into India: IDG
Industry watchers are linking large inflows to opening up of more sectors such as retail to overseas PE & VC funds.
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