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SOFIA (Bulgaria), October 10 (SeeNews) - US-headquartered semiconductor foundry Globalfoundries said on Thursday that it has agreed to acquire the process design kit (PDK) engineering team of Sofia-based Smartcom Bulgaria, consisting of over 125 employees.
"With the acquisition of Smartcom’s PDK development team, we are enhancing the depth and breadth of our capabilities and capacity in Europe and across the globe," Thomas Caulfield, CEO of Globalfoundries
The deal is expected to be closed in December, following receipt of the required regulatory approvals.
Since 2015, Smartcom has supported Globalfoundries' PDK development and quality assurance for platform technologies spanning from 350nm to 12nm.
Smartcom specialises in microelectronics and electronic design automation, carrier grade telecom professional services, embedded systems and IoT. The company has subsidiaries in the UK and Turkey.