‍Here’s GreatAsic! They’re a Malaysia-based fabless chip design company, and they’ve just raised a $6.9M Series A. 

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Investor check. Vertex Ventures Southeast Asia and India led the round, while Ehsan Kapital and Gobi Partners joined in. 

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📲 Chipping in

According to Vertex, the investment follows Malaysia’s strategy to develop their front-end chip design capabilities. 

• Malaysia is known for their local firms that can fabricate, assemble, and test chips (remember FusionAP), but they want to move beyond assembling chips to actually building them.

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That’s fab. Fabless chip manufacturers design chips but outsource their fabrication or production to outside manufacturers.

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🇲🇾 Where GreatAsic comes in

GreatAsic designs custom Application-specific Integrated Circuit (ASICs) and AI System-on-Chip platforms for data center, edge AI, and automotive markets. 

• They’re one of the first Malaysian design firms to receive Arm Holdings’ semiconductor intellectual property. 
• This grants them access to Secure Arm Flexible Access and Arm Neoverse Compute Subsystems tokens, important tools for companies to build SoCs for cloud and edge compute. 

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🍵 What’s next? 

They’ll use the $$$ to hire more engineers, expand their operations, and accelerate development of their silicon projects.