The new agreement is expected to hasten time-to-market through local interaction between design teams, while lowering risk for end customers. The agreement immediately opens Israeli ASIC access to TSMC most advanced process technologies through GUC's close partnership with the foundry leader. It also provides easy access to GUC leading services on a wide range of technologies from BCD and Flash technologies to high end advanced technologies such as TSMC's 16nm FinFET process.

The agreement also calls for access to GUC IP through Verisense and provides a full set of silicon proven SoC IP for all mainstream TSMC processes.

"Selecting Verisense was much more than choosing a local rep" said Yawlin Hwang, GUC VP of Sales and Marketing. "With their vast ASIC design service experience, and their outstanding reputation Verisense is the ideal partner for providing complete ASIC turn-key services".

"Having worked with GUC for many years on a variety of very complex ASICs I know that they are extremely professional and their decision to become a significant player in Israel will bring many benefits to Israeli companies." said Igor Elkanovich, Engineering and Technology lead at Verisense.

This alliance has already resulted in the first tape out of a jointly developed ASIC from Israel-based Spondoolies-Tech.

"Selecting Verisense and GUC as our design and manufacture partners was crucial to our success" said Guy Corem, CEO and Founder of Spondoolies-Tech. "Our chip was developed with power/performance much better than our competition while keeping the cost low and keeping to a very aggressive schedule. GUC succeeded to tape-out the ASIC just 9 weeks after the final netlist delivery by Verisense”.

"We believe that the combination of the GUC scale with the innovation of Israeli companies will result in great products.” said Yehuda Shaik, Verisense co-CEO. “We were impressed by GUC’s flexibility to adjust their flow and schedule to the customer needs, this is very important for Israeli customers".

"Verisense's level of customer service and their commitment to technology excellence are exactly the qualities we look for in all of our global partners," explained Jim Lai, President of GUC.