“This acquisition accelerates UltraSoC's vision at a much larger scale with the assets, industry know-how and footprint of Siemens,” said Rupert Baines, CEO, UltraSoC, adding that being part of a global giant like Siemens will enable UltraSoC to accelerate R&D, leverage a much larger pool of go-to-market resources, and an broad global infrastructure.
UltraSoC‘s products are used in the automotive, high-performance computing, storage and semiconductor industries. The company was recently selected as a participant in the DARPA AISS (Automatic Implementation of Secure Silicon) program; and is a member of the Secure-CAV consortium, an ambitious collaborative project that aims to improve the safety and security of tomorrow’s connected and autonomous vehicles (CAVs). Siemens’ acquisition of UltraSoC is due to close in the fourth quarter of Siemens’ fiscal year 2020. Terms of the transaction were not disclosed.