Open-Silicon Introduces "On Time, or On Us" Program

MILPITAS, Calif., May 27, 2011 /PRNewswire/ -- Open-Silicon, Inc., a leading SoC design and semiconductor manufacturing company, today introduced the semiconductor industry's first money-backed design engineering schedules. Open-Silicon will meet the schedule, delivering a prototype on time, or the company will refund the cost of the design engineering, up to $500K.

In order to meet time-to-market goals and realize an integrated circuit's (IC) true market potential, execution to schedule is paramount.  The semiconductor industry, however, does not have a good track record of delivering products on time, resulting in missed revenue. Open-Silicon has focused on meeting schedules since its first chip and continues to be held accountable at every board of directors' meeting. While the company has always considered schedule predictability extremely important, the company is now willing to sign up on qualifying programs that the engineering will be "On Time, or On Us."  

"The semiconductor industry needs schedule predictability to be viewed with the same intense focus as design functionality.  Open-Silicon's bold statement with "On Time, or On Us" is a call to customers and partners to address schedule predictability as the key concern for the coming decade," said Dr. Naveed Sherwani, CEO of Open-Silicon. "We founded Open-Silicon on this principle, and are now again taking a leadership position by putting our money behind it."

"On Time, or On Us" Offer Details

The "On Time, or On Us" offer is valid on qualifying designs in 40nm or 65nm process, where design schedules are still relatively long and where Open-Silicon has a well-matured design methodology. Under the terms of this program, the originally quoted design non-recurring engineering (DNRE) charge will be refunded, up to $500K, for programs that miss the committed development schedule for prototype delivery.  This program will run through December 2011. To learn more about the program, visit http://www.open-silicon.com/capabilities/program-management/on-time-or-on-us.html.

About Open-Silicon, Inc.

Open-Silicon is a leading semiconductor company focused on SoC realization for traditional ASIC, develop-to-spec, and derivative ICs. In support of the industry trend towards collaborative engineering and design-lite, Open-Silicon offers SoC architecture, system design, physical design, low-level software, and high-quality semiconductor manufacturing services with one of the world's broadest partner ecosystems for IC development. For more information, visit Open-Silicon's website at www.open-silicon.com or call 408-240-5700.

SOURCE Open-Silicon, Inc.