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News Article

Belgian spin-off secures €6 million in Malaysian funding

Essensium NV, a Belgian fabless provider of SoC ASICs (system-on-chip application-specific integrated circuits), announced that it has secured a strategic partnership with Silterra, a leading semiconductor wafer foundry in Malaysia, through a €6 million private equity financing from Silterra’s parent company Khazanah Nasional.

Essensium NV, a Belgian fabless provider of SoC ASICs (system-on-chip application-specific integrated circuits), announced that it has secured a strategic partnership with Silterra, a leading semiconductor wafer foundry in Malaysia, through a €6 million private equity financing from Silterra’s parent company Khazanah Nasional. The capital will be injected in the spin-off of IMEC - the Belgian research centre on nanotechnology and nanoelectronics - through Atlantic Quantum, the investment sister company of Silterra.

Essensium is a fabless semiconductor company that provides system-on-chip products and design services to original equipment manufacturers, design houses, and application-specific standard-products (ASSP) suppliers. Essensium acts as an aggregator, which manages the full silicon development and supply chain. Essensium thereby adds key value at several stages of the flow, especially at the system-design level, where the impact on delivering competitive SoC solutions is the largest.

Essensium was founded in March 2005 by IMEC and a team of experienced system-on-chip ASIC professionals. With the capital injection from Silterra, Essensium now becomes an independent spin-off company. It can thereby count on IMEC's vast experience in wireless and complex system-on-chip design and system-in-package implementation.

Bruce Gray, Chief Executive Officer of Silterra stated that: "The solid industrial experience of Essensium's founders, backed-up by the unique R&D environment in the Leuven region - and our partner IMEC in particular – led to our investment in this project."

Gilbert Declerck, CEO and President of IMEC, quoted: "We are very pleased to see a continuation of our fruitful relationship with Silterra through its investment in our newest spin-off venture that will facilitate the transfer from research to industry."

Johan Danneels, founder and CEO of Essensium, commented: "This is an important step in our ambition to become a major player on the European market. The trust that we get from international key players such as Silterra and IMEC is not only important as such, but also proves our credibility towards our customers."

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