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Foxconn Plans to Acquire Socle - IC Design House
Aims to build up its own design and technology for application processors used in mobile devices
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Mumbai / Bangalore - February 5, 2014
Foxconn,
world's leading manufacturer of computer components and systems, has
announced its plans to takeover Socle Technology, an Integrated circuit
design house. Foxconn will take up 100% share of the IC design service
company.
Socle
Technology will continue to operate independently after being acquired
by Foxconn, which will appoint Young Liu, currently general manager of
its Innovation Digital System Business Group to head the new Socle. The
Foxconn-Socle merger deal is scheduled for completion in mid-May 2014 or
earlier.
Socle
has completed development of IP for 28nm processes, but it has been
restricted from using other foundry houses to enable production of 28nm
chips using its IP, affecting its business development. Foxconn is
looking forward to build up its own design and technology capability for
the production of application processors used in mobile devices,
commented the sources.
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About Foxconn
Foxconn
was established in 1974 and has grown to become the largest ODM in the
world with nearly 1,000,000 employees and revenues in excess of USD 100
billion. Foxconn's customer base includes many famous brands in
computing, communications and consumer electronics, for example; Apple,
Cisco, Dell, HP, Nokia and Sony. With expertise in design and
manufacturing, Foxconn's Channel Division is able to bring barebones and
component products to channel customers around the globe, giving them
the freedom to create their own solutions. To learn more, visit: www.foxconnchannel.com.
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