Dream Chip Technologies brings to Tessolve advanced chip architecture and front-end design capabilities. Credit: Blue Andy/Shutterstock

Tessolve has acquired Dream Chip Technologies, a German semiconductor chip design firm, for up to Rs4bn ($47.4m).

The Indian semiconductor engineering company expects the deal to bolster its system on chip (SoC) design capabilities, particularly in the AI, automotive, data centre, and industrial sectors.

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The acquisition not only enhances Tessolve’s design prowess but also expands its European footprint, adding four delivery sites across Germany and the Netherlands.

This includes a specialised advanced driver assistance systems and imaging centre-of-excellence lab, positioning Tessolve among a select group of design companies worldwide capable of delivering turnkey design solutions for complex cutting-edge chips.

Dream Chip Technologies brings to Tessolve advanced chip architecture and front-end design capabilities.

This integration is expected to provide a critical “time to market” advantage and “operational excellence” to customers.

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Tessolve co-founder and CEO Srini Chinamilli said: “This acquisition solidifies our position as a top-tier semiconductor engineering firm globally with unmatched design to productisation capabilities.

“Dream Chip’s capabilities further strengthen our ability to take on leading-edge ASIC design projects and greatly enhance our European footprint,” he added.

Dream Chip Technologies CEO Jens Benndorf said: “We are excited to join forces with Tessolve and bring our expertise in digital chip design and embedded software to a global platform.

“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.  

“Together, we will push the boundaries of innovation in automotive and enterprise designs, particularly in camera-based systems and AI-driven ASIC applications,” he added.