Europe

Chip Design for Multinationals | eKathimerini.com

In Greece, a critical mass of high-tech companies were born, some of which were acquired by global giants. [SHUTTERSTOCK]

Several Greek tech companies are designing microchips for smartwatches and other applications made by global electronics giants such as Google, Xiaomi and Samsung.

Many of these companies have been acquired by foreign multinationals with billions of dollars in sales. Prominent examples are Think Silicon, which was acquired by US company Applied Materials in 2020, and Helic, which was acquired by US company Ansys in 2019.

Another company, China’s Zepp Health, has established an R&D center in Greece through its subsidiary Whale Microelectronics.

Nikos Moskopoulos, who heads the center, told Casimerini that it would likely be in the Athens area outside Kallithea.

It currently has a founding team of 11 members, many of whom come from another Greek startup, Dialog. Several scientists who left Greece as part of the infamous brain drain that intensified during the financial crisis of the early 2010s have expressed interest in returning to work at research and development centers.

A veteran of Greece’s tech startup ecosystem, Moschopoulos recalled its beginnings 20 to 25 years ago and how some of these companies are now attracting the attention of giant multinational corporations. . Moschopoulos himself started his career at his Atmel company, which had offices in Athens and Patras, specializing in building integrated circuits for his wireless networks.

“At one point, we controlled 20% of the global market for such chips,” he says. “The microchip itself was made in Taiwan, but designed in Greece.”

Moschopoulos likens Atmel to the big bank of the Greek tech ecosystem. Many people who worked there retired and started their own companies in the semiconductor sector. According to the Hellenic Emerging Technologies Industry Association (HETiA), there are at least 15 such companies in Greece, employing more than 500 people.

One such company, Dialog Semiconductor, made the chips that power Apple products. He also developed a series of products based on Bluetooth Low Energy, the turnover of which he reached 90 million euros at the end of 2020. In 2021, Dialog was acquired by Renesas of Japan for 4.8 billion euros.



https://www.ekathimerini.com/economy/1190636/chip-design-for-multinationals/ Chip Design for Multinationals | eKathimerini.com

Back to top button