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eASIC recognizes growth in demand from China,establishes eASIC Shenzhen foreign owned enterprise

July 4, 2017

By Wallace Mawire

Ronnie Vasishta

Ronnie Vasishta

eASIC Corporation ,a fabless semiconductor company that delivers a
custom integrated circuit (IC) platform (eASIC Platform), has
announced the establishment of eASIC (Shenzhen) Technology Services
Co. Ltd., a wholly foreign owned enterprise (WFOE) in Shenzen, China.

eASIC’s business in China is currently expected to continue to
accelerate significantly in 2018 compared to 2017. The eASIC WFOE will
be instrumental in supporting this growth. The facility also
increases eASIC’s commitment to the Asia region overall. The largest
eASIC facility by headcount is currently the eASIC facility in Penang,
Malaysia.

“eASIC has seen significant growth in our China business”, said Ronnie
Vasishta, President and CEO of eASIC, and continued, “The eASIC
product is ideally suited to the rapidly growing China market for
custom integrated circuits. Our fast time to market and low upfront
costs enable customers to rapidly translate ideas in to custom silicon
and then ramp to production with a cost effective solution. The eASIC
WFOE will enable eASIC to grow our presence in China to support the
increased demand for our products and services.”

eASIC is a semiconductor company offering a differentiated solution
enabling rapid and cost-effective custom ICs, creating value for
customers’ hardware and software systems. eASIC solution consists of
eASIC platform which incorporates a versatile, pre-defined and
reusable base array and customizable single-mask layer, ASICs,
delivered using either easicopy or standard ASIC methodologies, and
proprietary design tools.

“We believe this innovative technology allows eASIC to offer the
optimal combination of fast time-to-market, high performance, low
power consumption, low development cost and low unit cost for our
customers. eASIC Corporation is headquartered in Santa Clara,
California. Investors include Khosla Ventures, Crescendo Ventures,
Seagate Technology, Kleiner Perkins Caufield and Byers (KPCB) and
Evergreen Partners,” said Ketan Mehta on behalf of eASIC Corporation.

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