25th January, Mumbai, India: McLaren Strategic Ventures (MSV) launches Atlas Silicon, the AI (Artificial Intelligence) first customized chip design venture to revolutionize the global semiconductor industry.
Atlas Silicon is a comprehensive ecosystem that will create digital synergies to bring concept, design, IP and production under one umbrella. The entity will have specialised capabilities in chip design and will work with the global behemoths in various domains. To amplify India growth plans of the group, MSV has announced to make heavy investments in India in this segment and targets to establish business of $300 million by 2025.
MSV has already launched an aggressive recruitment drive to onboard 100 ASIC engineers in India as well as in discussions with the country’s topmost technology institutions to hire promising freshers to further expand the bench strength.
MSV is the California based investment management and business acceleration initiative of Sajan Pillai, global leader in the field of digital transformation, and former CEO of UST. The investment arm of MSV has already marked its presence in India with several significant investments in deep tech segments, and with its latest investment in the chip design vertical intends to tap the vast opportunities in the segment to meet the growing global demand for customized microchip.
The global market size for microchip industry is expected to reach $24.7 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. The market is segmented, basis application into consumer electronics, automotive, telecommunication, medical instrumentation, aerospace subsystems & sensors and other applications like smart cards. The anticipated market growth could be related to growing demand for customized microchips in all these segments
“The National Semiconductor Policy and the favourable approach from Government of India will help deepen India’s manufacturing base and create immense opportunities in the segment. ASIC talents across the country will benefit from Atlas Silicon and we would onboard and train young ASIC engineers under Industry experts to ensure unmatched services.”, says Sajan Pillai, Chairman, McLaren Strategic Ventures.
“We are also looking at investing into promising start ups as well as mid-sized companies in the space, especially in India and other South Asian countries. We encourage such entities to reach out to us to explore options; we are committed provide them opportunity to work with the world’s best in the domain- both in technology and skillset.”, added Mr. Pillai
Application Specific Integrated Circuit (ASIC) is the kind of integrated circuit (IC) for a particular purpose or application. An ASIC will boost performance because the desired feature is specifically designed and are highly customized to deliver superior performance in specific applications. The Government of India has envisioned to make the country one of the world’s largest electronics hubs in the next six years and has announced production linked schemes to broaden the scope of manufacturing and export of customized semiconductor chips from India.
About McLaren Strategic Ventures (MSV)
Founded in 2020 by former UST Global CEO, Sajan Pillai, McLaren Strategic Ventures (MSV) is an organization that provides a unique combination of capital, advisory services, engineering and management talent that assists early stage and established entities by accelerating value creation within existing assets. In addition to traditional fundraising, McLaren also recently raised $200 million in the IPO of its Special Purpose Acquisition Company (SPAC), McLaren Technology Acquisition Corporation. McLaren’s approach and capabilities are uniquely suited to the challenges facing many small-and mid-sized tech services companies by providing the support to take these companies to the next level and position them for valuation gains
About Sajan Pillai
Sajan Pillai, the global digital transformation leader is the Chairman of McLaren Strategic Ventures, General Partner of Season Two Ventures and Chairman of SP Life Care, a company revolutionizing senior care, medical tourism and lifecare. Prior to this, Sajan was the founder CEO of UST, an international multibillion digital services firm. Sajan led the company’s global business operations through its centers in the US, the UK, Spain, India, Malaysia, the Philippines, Singapore, Mexico, Australia, Poland and Israel. His leadership saw UST Global grow from 20 employees to 25,000 employees and to a Billion-dollar firm. A farsighted leader and an innovation agent, Sajan has a unique view of how technology can change the world. His vision has made him a trusted partner to multiple national leaders, and he is in discussions with many of them to establish Digital and Technology centers in their countries. With a rich and extensive background in information technology, Sajan has held several senior management positions in the industry. He has also architected and managed several large software systems for MCI Telecommunications. Sajan also holds patents in Internet Computing and Data Systems.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire
