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#News(Startup) [ via IoTForIndiaGroup ]
California, US-based UST Global has acquired Bengaluru-based SeviTech Systems, a fast-growing chip design (VLSI) services company and a leading application-specific integrated circuit (ASIC) design solutions firm.
SeviTech will be retained as an independent entity and positioned as an expert in the pre-silicon engineering services business. It will continue to operate as a subsidiary of UST Global.
The acquisition will bring in the advanced technology and deep end-market expertise of the two companies, delivering advanced end-to-end solutions to global semiconductor manufacturers. The acquisition reinforces UST Global’s strength and focus in India, and elevates its position as a world’s most premium VLSI solutions provider, and a market leader in pre-silicon engineering
The company has about 350 employees expertizing in end-to-end ASIC (Application Specific Integrated Circuit) design and embedded solutions. SeviTech has RnD centres in Bangalore and Hyderabad. In 2017, the company was recognized as the 50 best startups to work for by Silicon India.
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