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Foxconn eyes Socle-IC design house

Foxconn eyes Socle-IC design house

Foxconn eyes Socle-IC design house

Foxconn, manufacturer of computer components and systems, has announced its plans to takeover Socle Technology, an Integrated circuit design house.

 Foxconn will take up 100% share of the IC design service company. Socle Technology will continue to operate independently after being acquired by Foxconn, which will appoint Young Liu, currently General Manager of its Innovation Digital System Business Group to head the new Socle. The Foxconn-Socle merger deal is scheduled for completion in mid-May 2014 or earlier.

 Socle has completed development of IP for 28nm processes, but it has been restricted from using other foundry houses to enable production of 28nm chips using its IP, affecting its business development. Foxconn is looking forward to build up its own design and technology capability for the production of application processors used in mobile devices, commented the sources.


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About Kalpana Singhal

Kalpana Singhal is Co-Founder & Editor in Chief at Techplus Media. She is an Innovative & challenger Entrepreneur who started her journey from corporate communication in early 2001 with I.T. Industry followed by Lead - Editorial at BeautyIndia.in in 2008 . You can follow her on twitter, Google+ and Facebook.

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