Flextronics buys InSilica stake, in outsourcing deal

The $13 billion Singapore-headquartered Flextronics has announced that it is investing in InSilica, a system-on-a-chip (SoC) solutions company, which was initially funded by Vinod Dham, co-founder of Intel and considered to be Father of the Pentium chip.

Flextronics also announced that it is expanding its silicon development capabilities by selecting InSilica as its SoC development partner.

InSilica, with its expertise has so far delivered industry leading microprocessors, networking, graphics, wireless and audio/ video products for both infrastructure and consumer applications.

Said Ash Bhardwaj, president, Flextronics ODM (Original Design Manufacturing): "In addition to meeting our goal to expand our existing SoC solutions, we chose InSilica as our partner because of its world-class design capabilities, growing IP portfolio and access to cost-effective resources in Bangalore."

InSilica is a 70-member company and 50 of them are in Bangalore, designing and developing solutions for its customers.

InSilica with this fresh round of funding of $10 million will be doubling this professional strength in Bangalore in another year's time and has a revenue target of $100 million by three years. Currently, the company has revenues of $15 million.