eASIC Recognizes Growth in Demand From China and Establishes eASIC Shenzhen WFOE

    SANTA, CLARA, CA, June 28, 2017 /24-7PressRelease/ -- eASIC Corporation (@easic), a fabless semiconductor company that delivers a custom integrated circuit (IC) platform (eASIC Platform), today announced the establishment of eASIC (Shenzhen) Technology Services Co. Ltd., a wholly foreign owned enterprise (WFOE) in Shenzen, China.

eASIC's business in China is currently expected to continue to accelerate significantly in CY2018 compared to CY2017. The eASIC WFOE will be instrumental in supporting this growth. This facility also increases eASIC's commitment to the Asia region overall. The largest eASIC facility by headcount is currently the eASIC facility in Penang, Malaysia.

"eASIC has seen significant growth in our China business", said Ronnie Vasishta, President and CEO of eASIC, and continued, "The eASIC product is ideally suited to the rapidly growing China market for custom integrated circuits. Our fast time to market and low upfront costs enable customers to rapidly translate ideas in to custom silicon and then ramp to production with a cost effective solution. The eASIC WFOE will enable eASIC to grow our presence in China to support the increased demand for our products and services."

About eASIC
eASIC is a semiconductor company offering a differentiated solution enabling rapid and cost-effective custom ICs, creating value for our customers' hardware and software systems. Our eASIC solution consists of our eASIC platform which incorporates a versatile, pre-defined and reusable base array and customizable single-mask layer, our ASICs, delivered using either our easicopy or standard ASIC methodologies, and our proprietary design tools.

We believe this innovative technology allows eASIC to offer the optimal combination of fast time-to-market, high performance, low power consumption, low development cost and low unit cost for our customers. eASIC Corporation is headquartered in Santa Clara, California. Investors include Khosla Ventures, Crescendo Ventures, Seagate Technology, Kleiner Perkins Caufield and Byers (KPCB) and Evergreen Partners. For more information, visit www.easic.com.

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