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Shorooq’s Strategic Entry into Semiconductor Sector

3 mins 2 months ago Oct 8, 2023

Shorooq Partners, a leading tech investor in the region, has announced its foray into the world of semiconductor innovation with a strategic investment in Egypt-based Pearl Semiconductor, a specialist in Timing Integrated Circuits (ICs) and Reference Clocks.

Operating from both Malaysia and Egypt, Pearl Semiconductor is a technology powerhouse that’s reshaping the industry through its patent-protected cutting-edge technology.

Pearl Semiconductor had successfully secured $4.5 million in the recent funding round from QBN Capital, Sawari Ventures and semiconductor industry veterans apart from Shorooq Partners.

  1. Shorooq Partners

  • Competitors would require considerable investment in R&D and talent to replicate Pearl’s unique clock chiplet technology and unmatched ultra-low noise solutions. This strategic advantage positions Pearl Semiconductor not just for international recognition but for market leadership as a leading international contender,” said a company spokesman.

Pearl Semiconductor’s strategic significance extends beyond business considerations.

Anchored by a well-defined national plan supported by a substantial $1 billion investment from the Egyptian government, the company seamlessly aligns with government initiatives to develop a technology hub in the country.

Geographically, its position between Africa, Asia, and Europe takes on a newfound importance, he stated.

Pearl’s vision of becoming the world’s leading supplier of top-tier reference clocks and Timing ICs is founded on solid technology that encompasses innovation and differentiation, while ensuring a blend of performance, reliability, and cost-effectiveness, he added.

Abu Dhabi-based Shorooq Partners said it was thrilled to unveil a new chapter in its journey – a venture into the world of semiconductor innovation with the strategic investment in Pearl Semiconductor.

  • Pearl Semiconductor has earned our confidence for compelling reasons. Emerging as a spin-off from Si-Ware Systems in 2020, the company brings forth a legacy spanning over 19 years in the reference clock industry,” said the company spokesperson.

This impressive history is reinforced by a substantial collection of patents and a wealth of intellectual property, particularly in the realm of reference clock generators and Sigma-Delta Fractional-N phase-locked loops (PLLs) – systems dedicated to finely tuning frequencies, he stated.

  • Guided by industry experts with decades of experience and propelled by the passion of adept engineers, Pearl has established itself as a vital player in serving the timing requirements of diverse industries, spanning from industrial and automotive sectors to networking and telecom,” he added.
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DollarPesa Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the cryptocurrency market. Our mission is to provide accurate, unbiased, and timely information to our global audience, empowering them to make informed decisions in the ever-evolving crypto landscape.

Dollarpesa Team

DollarPesa Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the cryptocurrency market. Our mission is to provide accurate, unbiased, and timely information to our global audience, empowering them to make informed decisions in the ever-evolving crypto landscape.

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