BAHRAIN, 24 December 2007 — Unicorn Investment Bank (Unicorn) announced the investment of $190 million to acquire a 75 percent equity stake in Open-Silicon, Inc. (Open-Silicon), a market leader in chip design and outsourced manufacturing services based in Milpitas, California. Unicorn is partnering with Open-Silicon’s senior management team to fulfill the company’s next phase of growth, which includes global expansion.
Established in 2003 by the founders of Intel Microelectronics, a subsidiary of Intel, Open-Silicon designs and manufactures Application Specific Integrated Chips (ASICs) for a broad group of clients in the consumer electronics and telecom sectors. The company’s turnkey semiconductor service offerings allow clients to outsource all services required to deliver high quality semiconductor solutions that they would otherwise need to develop internally at a very high cost.
Open-Silicon has a presence in the US, UK, India and Taiwan as well as manufacturing partners in Taiwan, Korea and China and a testing facility in Malaysia.
