Tagore Technology, a company founded in January 2011 with a focus on pioneering Gallium Nitride-on-Silicon (GaN-on-Si) and GaN-SiC semiconductor technology for Radio Frequency (RF) and power management applications, has recently been acquired by Globalfoundries. The acquisition, which took place recently, marks a significant development in the semiconductor industry. Tagore Technology, with its engineering base in Kolkata, India, has been known for its innovative solutions in the field.
The exact amount paid by Globalfoundries for the acquisition has not been disclosed to the public. However, the technology developed by Tagore is highly regarded for its suitability in power applications across various sectors, including automotive, internet of things (IoT), and artificial intelligence (AI) data centers. Globalfoundries highlighted that the acquisition will expand their power IP portfolio, with the deal also including the addition of a GaN engineering team from Tagore.
According to Amitava Das, the co-founder and chief operating officer of Tagore Technology, "The accelerating demand for more power-efficient semiconductors is dramatically increasing, and Tagore has been at the forefront of developing disruptive solutions using GaN technology for a wide range of power devices." Das expressed excitement about joining Globalfoundries to enhance their focus on market-leading IP to address power design challenges and support the evolution of power delivery systems in automotive, industrial, and AI data centers.
In a move to further strengthen its position in the semiconductor industry, Globalfoundries was awarded US$1.5 billion in direct funding under the US CHIPS and Science Act in February 2024. Part of this investment is aimed at enabling high-volume manufacturing of critical technologies, including GaN, to produce essential chips securely. This strategic investment underscores Globalfoundries' commitment to advancing semiconductor technologies and meeting the growing demand for innovative solutions.
With the acquisition of Tagore Technology and the ongoing investments in critical technologies, Globalfoundries is poised to play a significant role in shaping the future of the semiconductor industry. The collaboration between the two companies is expected to drive further innovation in power management applications and contribute to the development of cutting-edge solutions for various sectors. As the demand for efficient semiconductors continues to rise, the expertise and technology brought together through this acquisition are likely to lead to groundbreaking advancements in the field.