x

Associations

The Hellenic Initiative’s Venture Fair Winner Think Silicon Acquired by Applied Materials

ATHENS – Standout Greek high tech startup Think Silicon, a prize winner at the annual Venture Fair of The Hellenic Initiative (THI) in 2018, has been acquired by Santa Clara, CA-based Silicon Valley powerhouse Applied Materials, THI announced on May 18.

Applied Materials is the global leader in materials engineering solutions used to produce virtually every new computer chip and advanced display in the world and is one of Fortune’s “World’s Most Admired Companies.” It is present in 18 countries with over 22,000 employees globally, holds over 13,300 patents, and invested $2.1 billion in R&D last year.

Think Silicon, headquartered in Patras, develops and licenses high-performance, ultra- low-power graphic processing units (GPUs) and display controller technology for wearables, IoT, home appliances, and industrial automation displays, serving clients worldwide.

Think Silicon, a portfolio company of Metavallon VC, a Greek venture capital firm, has recently been expanding its product line to AI-oriented GPUs, as customers require low power AI processors for Edge Computing.

“The executive team and staff will remain in Patras and Athens and continue serving their growing international clientele and working on their ambitious technology and product roadmap in the electronics and semiconductor products. The transaction marks the largest deep tech startup exit ever in Greece,” according to the Metavallon VC press release.

THI’s mission is investing in the future of Greece through direct philanthropy and economic revitalization. THI empowers people to provide crisis relief, encourage entrepreneurs, and create jobs.

More information is available online: http://www.TheHellenicInitiative.org/ and http://onegreece.org.

Follow THI on Facebook: http://www.facebook.com/thehellenicinitiative and Twitter: #OneGreece.

RELATED

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Fire Breaks Out at Apartment Building Near the Offices of TNH (Vid & Pics)

LONG ISLAND CITY, NY – A fire broke out in an apartment building about a block from the offices of The National Herald in Long Island City on February 21.

NEW YORK - Charles H. Dallara, the former Managing Director of the Institute of International Finance (IIF) and a central figure in the 2012 restructuring of Greece's debt, has penned what Nick Gage describes as a "riveting narrative" of those tumultuous times.

CULVER CITY, Calif — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers.

XINJIANG  - Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to the nation's top policing agency and other parts of its government — a trove that catalogs apparent hacking activity and tools to spy on both Chinese and foreigners.

WASHINGTON — Donald Trump's legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.