Soitec announces the signing of the sale of Dolphin Design ASIC business to NanoXplore
Bernin (France), November 12th, 2024 — Soitec (Euronext Paris - Tech Leaders), a leader in the design and manufacture of innovative semiconductor materials, today announces the signing of the sale of Dolphin Design’s Application-Specific Integrated Circuit (ASIC) business to French fabless company NanoXplore, a major player in SoC and FPGA semiconductor design.
The transaction will complete, upon its closing, the divestment of the main business activities of Dolphin Design, a wholly owned subsidiary of Soitec, which on November 5 announced the effective sale of its mixed-signal IP activities to Jolt Capital.
Dolphin Design, acquired by Soitec in 2018, has long been at the forefront of delivering cutting-edge semiconductor design solutions in mixed-signal IP and ASICs.
By acquiring Dolphin Design’s ASIC business, NanoXplore will broaden its technological portfolio and strengthens its ability to offer innovative solutions to the aerospace sector.
The sale of Dolphin Design’s two main business activities will support Soitec’s refocus on strategic development and growth opportunities for the core advanced semiconductor materials business.
Philippe Berger, outgoing Dolphin Design CEO, stated: "Joining NanoXplore will be for the ASIC business an opportunity to strengthen and grow its unique know-how ."
Edouard Lepape, Managing Director of NanoXplore, said: "This acquisition is a key step in NanoXplore's development and in our diversification strategy. The combination of NanoXplore activities and these of the ASIC business , will enable NanoXplore to offer even more effective and comprehensive solutions.”
For disclosure purposes, the business assets to be divested by Dolphin Design are deemed non-material to Soitec[1].
About Soitec
Soitec (Euronext - Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
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[1] Dolphin's revenue represents a low proportion of Soitec’s revenue (less than 3%), and its total net assets represent less than 2% of the Soitec's total assets.