Chartered Semiconductor has made an investment in Taiwan-based SOCLE
Technology Corporation, known for its system-on-chip (SoC) design
services using ARM cores and developing ARM-based platforms. Financial
terms of the investment were not announced.
“SOCLE has developed a strong expertise in helping customers develop
complex SoC designs, and its embedded platforms are production-proven.
Its experience in hardening ARM cores and developing ARM-based
platforms is especially appealing to our customer base,” said Kay Chai
“KC” Ang, Senior Vice President of worldwide sales and marketing for
Chartered. “As an investment for Chartered, we believe SOCLE has a
solid business model and is well-resourced to address new
opportunities.”
“Chartered’s
management experience and success in working with companies doing
advanced IC design will be of great value to SOCLE as we plan our next
phase of growth. We appreciate the confidence Chartered has
demonstrated in us as both a strategic supplier of services to its
customer base, as well as in our business model and potential to
expand,” said David Lyou, President and CEO of SOCLE.