Unicorn acquires 75% stake in US chip maker

Bahraini investment bank pays $190mn for Open-Silicon, plans global expansion.
Unicorn acquires 75% stake in US chip maker
By Dylan Bowman
Sun 23 Dec 2007 12:57 PM

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.

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