VeriSilicon Holdings, a China-based outsourcer of semiconductor design and development solutions, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
Business The company refers to its business model as Silicon Platform as a Service (SiPaaS), and provides end-to-end design and delivery of its chips for semiconductor companies, original equipment manufacturers and original design manufacturers. VeriSilicon claims it is taking advantage of an industry shift from fabless to design-lite; semiconductor companies have begun outsourcing some design aspects instead of just the fabrication of integrated circuits. The company generates revenue from semiconductor design (24% of 1H14 revenue; 13% of gross profit), their procurement (63%; 42%) and licensing (13%; 45%).
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