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Applied Materials acquires IP startup Think Silicon

pasdak

New member
Big news for us here in Greece, as Applied Materials bought local IP startup Think Silicon for ~30 million USD. Think Silicon specializes in low-power GPU designs, aimed primarily at wearable devices.


Transaction amount might seem peanuts in the greater context of the global EDA industry, but it's definitely great news for our tiny domestic semiconductor industry especially given the ongoing coronavirus sitation.

Great news nevertheless, to me this seems quite a strange acquisition. Why would a fab equipment manufacturer (as Applied Materials seems to primarily be) buy an IP company? Wouldn't ARM, NVidia, Qualcomm or any other large IP or Fabless company be a more "natural" acquisition path? Would love to hear any business rationale views from more seasoned members of this forum
 
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