By Dylan Bowman
Bahraini investment bank pays $190mn for Open-Silicon, plans global expansion.
Bahrain’s Unicorn Investment Bank said on Sunday it has acquired a 75% stake in US-based microchip maker Open-Silicon for $190 million.
Unicorn said in a statement the investment would support Open-Silicon’s future expansion plans, which include establishing new design centres and material sourcing operations both domestically and internationally.
Open-Silicon currently has a presence in six locations in the US, the UK, India and Taiwan, as well as manufacturing partners in Taiwan, Korea and China and a testing facility in Malaysia.
Open-Silicon’s technology is used in consumer electronics and telecommunications projects.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.