Peter Clarke, Electronics360
23 October 2014
VeriSilicon Holdings Co. Ltd. (Shanghai, China), a Chinese fabless chip company with a design service, IP licensing and chip delivery business model, has filed to raise $75 million from an initial public offering of shares on the NASDAQ market. This is despite the fact that the company made a net loss in the first half of 2014.
The company, describes its business model as Silicon Platform as a Service (SiPaaS) saying that it can provide services across the semiconductor value chain from design to delivery of chips by supplying intellectual property and design and outsourcing for manufacturing services as appropriate. With this model it serves fabless chip companies and so-called ODMs (original design manufacturers) and OEMs (original equipment manufacturers) working in the areas of smart phones, tablet computers, HDTVs, set-top boxes, DVD players, home gateways, networking and data centers.
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