Tessolve, a semiconductor engineering firm part of Hero Electronix, has declared its intent to purchase Dream Chip Technologies, based in Germany. Subject to regulatory consent, this acquisition is set to bolster Tessolve’s technological prowess and broaden its reach in the European market via Dream Chip’s well-established operations in Germany and the Netherlands.
The acquisition places Tessolve at the vanguard of the automotive semiconductor industry, a sector with a growing need for sophisticated custom chip designs for AI-driven and camera-based ADAS systems. Dream Chip Technologies brings its proficiency in digital chip architecture and embedded software, enabling Tessolve to deliver comprehensive turnkey solutions that span the full development cycle, from chip design to silicon production. This new capability is anticipated to hasten clients’ time-to-market, granting them a significant advantage in the swiftly advancing automotive and ADAS industries.
Srini Chinamilli, the CEO of Tessolve, emphasized that the integration of Dream Chip’s expertise in digital design and embedded solutions will significantly enhance Tessolve’s ability to manage intricate Application-Specific Integrated Circuit projects. This enhancement is especially advantageous for Tessolve’s clients in the automotive and industrial sectors, who are increasingly dependent on sophisticated system-on-chip designs for AI, imaging, and data center applications. The incorporation of Dream Chip’s specialized ADAS and imaging laboratory will enable Tessolve to offer cutting-edge automotive solutions designed for the safety and autonomy of future-generation vehicles.
Dream Chip Technologies is renowned in Europe for its digital design expertise and has earned a reputation for addressing complex semiconductor challenges. The acquisition will combine Dream Chip’s front-end design prowess with Tessolve’s expertise in post-silicon testing, packaging, and supply chain management. This integration will enable Tessolve to provide a full range of semiconductor solutions that meet operational excellence and guarantee swift, dependable delivery—essential in the automotive industry.
Jens Benndorf, CEO of Dream Chip Technologies, stated that the merger with Tessolve is set to establish a strong global platform for chip architecture, embedded software, and semiconductor testing services. He highlighted that the joint expertise in camera-based and AI-driven ASIC designs would enable Tessolve and Dream Chip to advance the frontiers of automotive and enterprise-grade semiconductor solutions.
Ujjwal Munjal, Chairman of Tessolve, has expressed confidence in the company’s enhanced capabilities in the custom chip design market, which is experiencing a surge in demand from automotive manufacturers for specialized, high-performance ADAS and AI solutions. Tessolve’s acquisition of Dream Chip positions the company to effectively meet the changing requirements of the automotive semiconductor market, reinforcing its role as a major provider of comprehensive design services to a growing international clientele.