An image from The Hellenic Initiative’s Annual Venture Fair in 2018 when Think Silicon won its prize. (Photo by The Hellenic Initiative)
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.
The Think Silicon team. (Photo by The Hellenic Initiative)
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.
Think Silicon team members. (Photo by The Hellenic Initiative)
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.
NEW JERSEY – The Hellenic Federation of New Jersey Ninth Annual Awards Banquet takes place Sunday, June 12, at The Graycliff, 290 Moonachie Avenue in Moonachie, NJ, with cocktails at 5 PM and dinner 6 PM.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.
WASHINGOTN - The full text of Prime Minister Kyriakos Mitsotakis’ speech to the Joint Session of the US Congress is as follows:
Madam Speaker,
Madam Vice President,
Honorable Members of the United States Congress,
Ladies and Gentlemen,
There is no greater honor for the elected leader of the people who created democracy than to address the elected representatives of the people who founded their country on the Greek model and have promoted and defended democratic values ever since.
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