Atlas Silicon will establish a strong ASIC design engineering team this quarter
Targets $300 million by 2025 in a growing market
IRVINE, Calif., March 23, 2022 /PRNewswire/ — Launch of McLaren Strategic Ventures (MSV) Atlas Silicon, the first artificial intelligence (AI) custom chip design company to revolutionize the global semiconductor industry. The entity will work with global behemoths in various fields and implement specialized capabilities in chip design. Atlas Silicon is a complete ecosystem that creates digital synergies uniting concept, design, intellectual property and production under one roof. MSV is keen to invest heavily in this segment targeting commercial value $300 million by 2025. This innovation provides end-to-end design of enterprise solutions that combine hardware and software to produce cutting-edge advancements in AI-ML, Metaverse, Autonomy and other industries
Atlas Silicon solves the microchip shortage crisis plaguing many industries, perhaps no more so than the automotive industry. Recent reports show a more than 25% increase in the current microchip problem, which has resulted in the removal of almost 200,000 cars from global vehicle production plans. Despite this shortage, the global microchip industry market size is expected to reach $24.7 billion by 2025, representing a CAGR of 8.2% in this market during this period. The market is segmented into consumer electronics, automotive, telecommunications, medical instrumentation, aerospace subsystems and sensors, and other applications such as smart cards. The anticipated growth of the market is driven by the increasing demand for personalized microchips in all these segments. Atlas Silicon represents the most advanced solutions for technology and electronics manufacturers who rely heavily on these microchips for their products.
MSV has already launched an aggressive recruiting campaign to bring 100 ASIC engineers into India and discusses with the nation’s top tech institutions to hire promising freshmen to further expand the bench’s workforce. MSV’s investment arm intends to develop a similar presence of highly skilled engineers in deep technology segments in the United States. This latest investment in the chip design vertical is aimed at exploiting the vast opportunities to meet the growing global demand for application-specific microchip solutions.
“This technology will have a significant impact on the manufacturing of technology-based products domestically in the United States. India, our technology has deepened the country’s manufacturing base and created immense opportunities in the segment. We want to onboard and train young ASIC engineers under the guidance of industry experts to ensure unparalleled engineering and bring the same positive results we’ve seen in India to other countries like United States“, shares the CEO Sajan Pillai“We also plan to invest in promising startups as well as mid-sized companies in this space, particularly in United States and strongly encourage all business decision makers and consumers to speak to us to explore a partnership. We are always committed to giving people the opportunity to work with the best in the world in the field – both in technology and skills.”
Pillai promoted the dedication of MSV’s resources and investments to launch this industry-leading chip design arm, taking the world of technology into the next generation by serving as the backend and brains for all technologies. in consumer electronics, automotive, telecommunications, medical instrumentation, aerospace subsystems and sensors.
Application specific integrated circuit (ASIC) is the type of integrated circuit (IC) intended for a particular purpose or application. An ASIC will increase performance because the desired functionality is specifically designed and highly customized to deliver superior performance in specific applications. United States is the largest technology and business hub in the world, and investing in ASIC chip companies would actively combat the downward trend in the contribution of American manufacturing to the country’s GDP.
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About McLaren Strategic Ventures (MSV)
Founded in 2020 by former CEO of UST Global Sajan Pillai, McLaren Strategic Ventures (MSV) is an organization that provides a unique combination of capital, advisory services, engineering and management talent that helps start-up and established entities by accelerating value creation within existing assets . In addition to traditional fundraising, McLaren has also recently raised $200 million in connection with the IPO of its special purpose acquisition company (SPAC), McLaren Technology Acquisition Corporation.
On Sajan Pillai
Sajan Pillai, a global leader in digital transformation, is Chairman of McLaren Strategic Ventures, General Partner of Season Two Ventures and Chairman of SP Life Care, a company that is revolutionizing senior care, medical tourism and life care. Prior to that, Sajan was the founding CEO of UST, a multi-billion international digital services company. Sajan led the company’s global business operations through its centers in the United States, United Kingdom, Spain, India, Malaysia, The Philippines, Singapore, Mexico, Australia, Polandand Israel. His leadership has seen UST Global grow from 20 employees to 25,000 employees and a billion dollar business.
*McLaren Strategic Ventures is not affiliated with, endorsed or sponsored by McLaren Automotive LLC.
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SOURCE McLaren Strategic Ventures