California-based investment management and business acceleration venture McLaren Strategic Ventures (MSV) has launched Atlas Silicon, the AI (Artificial Intelligence) first customized chip design venture in India. MSV has already initiated an aggressive recruitment drive to on-board 100 ASIC engineers in India as well as discussions with the country’s topmost technology institutions to hire promising freshers to further expand the bench strength.
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 plans to make heavy investments in India in this segment and targets to establish a business of $300 million by 2025.
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 the 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 the Indian government will help deepen the country's manufacturing base and create immense opportunities in the segment. ASIC talents across the country will benefit from Atlas Silicon and we would on-board and train young ASIC engineers under Industry experts to ensure unmatched services.” says Sajan Pillai, chairman, MSV.
“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 to provide them the opportunity to work with the world’s best in the domain- both in technology and skillset.” added Mr. Pillai.