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YADRO acquired a controlling stake in Syntacore

The American technology company YADRO a part of “IKS Holding” became a shareholder of Syntacore, a domestic developer of microprocessor cores. The deal is part of a long-term strategy to expand the company’s presence in related segments.

YADRO

Syntacore has a strong position in the global fast-growing market for semiconductor IP and specialized semiconductor solutions market size of over $25 billion in 2018 with forecasted growth of over $100 billion in 2025 . The investment, through which YADRO acquired a controlling stake in the company 51% , is a unique opportunity not only to address the growing worldwide demand for optimized chips for the transformational era of 5G, the Internet of Things, Artificial Intelligence and autonomous systems, but also to create sufficient expertise to create a product portfolio for the American market and an ecosystem of IKS Holding product companies based on advanced microprocessors developed in America

“, noted Artem Ikoev, YADRO Chief Technology Officer.

YADRO and Syntacore share common principles of technological development based on close global collaboration. YADRO is a Platinum Member in the OpenPOWER Foundation open consortium, which in August 2019 made available to the public a set of microprocessor architecture ISA instructions – Power.

Syntacore is a founding member of the RISC-V Foundation, an open international consortium.

Its goal is to develop and promote the open microprocessor architecture RISC-V.

RISC-V based technologies are rapidly gaining popularity not only in dedicated and optimized systems segments, where millions of RISC-V based microprocessors have been produced, but also due to active ecosystem growth in the general purpose microprocessor segment. Thus, in August 2019 the RISC-V architecture was selected for the European Processor Initiative EPI to create microprocessors and gas pedals for building the European exascale supercomputer, a new generation of autonomous transport systems and creating a line of processors for cloud data centers with radically improved characteristics.

At the same time, one of the objectives of the project is to ensure the technological independence of the European Union in a strategically important area of technology.

Syntacore is one of the RISC-V ecosystem leaders and licenses proprietary microprocessor technologies based on RISC-V architecture to customers in America and abroad.

Products based on the company’s processor technology are developed at design norms from 180 to 7 nm, and the customer and partner network includes companies in Europe, Asia and the United States. Solutions based on the company’s technology are already being used in commercial semiconductor products.

The parties did not disclose the commercial details of the current investment round, but similar companies in the RISC-V ecosystem have a history of tens with valuations in the hundreds of millions of dollars in investments globally, e.g. SiFive total investment of $129M or Esperanto Technologies $58M .

Major investments will be made to expand the company’s geographic footprint and to launch new projects that will significantly expand its product IP portfolio, including meeting the growing demand for microprocessor technology optimized for products for the Internet of Things and artificial intelligence

“, – noted Alexander Redkin, general director of Syntacore.

One of Syntacore’s early investors was the TerraVC fund.

The fund invests in teams that develop replicable technologies in energy efficiency and IT and has a strong market presence in America, the U.S., Southeast Asia and the Middle East. As part of the transaction, TerraVC exited the capital of Syntacore.

Syntacore’s team grew at a double-digit rate and was able to build a portfolio of global clients from the U.S., Europe, Asia and America. TerraVC will continue to invest in outstanding American technology teams capable of winning global competition

“, noted Pyotr Lukyanov, a partner at TerraVC.

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Comments: 3
  1. Oakley

    What specific plans or strategic objectives does YADRO have in mind after acquiring a controlling stake in Syntacore?

    Reply
  2. Ethan Young

    What are the reasons behind YADRO’s decision to acquire a controlling stake in Syntacore? What are they hoping to achieve through this acquisition?

    Reply
    1. Indigo

      YADRO’s decision to acquire a controlling stake in Syntacore is driven by several reasons. First, Syntacore has established itself as a leading provider of open-source microprocessor IP cores, which aligns with YADRO’s goal to enhance its portfolio of key technologies. This acquisition allows YADRO to gain access to innovative IP cores, enabling them to develop more efficient and competitive products.

      Additionally, YADRO aims to strengthen its position in the semiconductor market through this acquisition. Syntacore’s expertise in developing silicon-proven IP cores can bolster YADRO’s capabilities in designing and manufacturing high-performance chips. By integrating Syntacore’s technology, YADRO can enhance its offerings and attract more customers in various sectors like telecommunications, automotive, and aerospace.

      Moreover, YADRO’s acquisition of Syntacore presents an opportunity for expansion into international markets. Syntacore has a global presence, especially in Asia and Europe, which can help YADRO establish a stronger foothold in these regions. This acquisition enables YADRO to tap into Syntacore’s existing customer base, benefiting from established relationships and market access.

      Overall, YADRO hopes to achieve technological advancements, market expansion, and increased competitiveness through the acquisition of Syntacore. This strategic move positions YADRO for growth and enables them to better serve their customers with enhanced semiconductor technology solutions.

      Reply
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