Based in Milpitas, California, in the heart of Silicon Valley, Open-Silicon, Inc. (Open-Silicon) is a market leader in chip design and outsourced manufacturing services. Bank Alkhair’s US$190 million acquisition of a 75% equity stake in the company in December 2007 will see the Bank partnering with Open-Silicon’s senior management team to fulfill the company’s next phase of growth, which includes global expansion.

Established in 2003 by the founders of Intel Microelectronics, a subsidiary of Intel, Open-Silicon is a fabless Application Specific Integrated Circuit (ASIC) company that was founded to bring cost-effectiveness, predictability and reliability to the ASIC market. The company designs and manufactures custom microchips for products used in consumers’ day-to-day lives in the cellular wireless, set-top box, digital home, computer and network communications industries.

Open-Silicon’s services include product definition, design engineering, wafer fabrication, package and assembly, test engineering and logistics. This turnkey service offering allows clients to outsource all services required to deliver high quality semiconductor solutions that they would otherwise need to develop internally at a very high cost. Furthermore, by delivering custom microchips with unprecedented predictability and reliability, Open-Silicon allows clients to create differentiated products with confidence in their ability to meet time-to-market needs.

Open-Silicon is led by a world class management team, each with an average of 21 years of semiconductor experience. The company has over 100 design wins, over 55 unique customers and has shipped over 30 million parts since inception.

Open-Silicon currently has a presence in six locations in the US, the United Kingdom, India and Taiwan as well as manufacturing partners in Taiwan, Korea and China and a testing facility in Malaysia. The company’s planned expansion strategy combines growth both within its core US market and internationally where it plans to establish new design centers and material sourcing operations. The company also plans to target synergistic acquisition opportunities.