chip design presentation
TRANSCRIPT
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Short Background on the
Semiconductor Industry
The leading industry in the IT revolution.
Has significant influence on global economic cycles
Relevant to almost all sectors of IT.
Annual revenues of more then $!" billion# ith average
year to year groth of %&.
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The 'abless (odel
only chi) design.
*o foundry.
+sually more focus then Integrated ,evice manufactures-I,(.
need to sale less to become )rofit and as a result are more
fle/ible and can address niche markets as ell as main
segments.
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The 'abless (odel
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'ablees History
began becoming relevant in the %"0s.
ra)id groth in 1"0s
Today# the fabless com)anies total annual revenuesare more then $23 million hich re)resent !& of
semiconductor annual revenues.
for the last decade fabless groth rates ere higher
then the semiconductor groth rates and it is e/)ectedthat in 2"" fabless annual revenues ill re)resent
about !"& of the semiconductors revenues.
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'abless Statistics
Market Sector/Application Percentage
4ired 5ommunication 3&4ireless 5ommunication 23&
65 6eri)herals %&
5onsumer 7&
65 "&
Industrial (edical 2&
,efense Industries 2&
Automotives &
Fabless Companies Primary Business by Market Sector
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'abless Statistics
Technology Area Percentage
Analog8,igital 3%&
9ogic 2&
(icro)rocessors :&
,S6 %&
(emory %&
Fabless Companies Primary Business by technology
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'abless Statistics
Geographic area of Fablesscompanies Percentage of total revenues/umber of companies
*orth America :7& 8 7!!
;uro)e %& 8 !!
Asia !& 8 %!Israel 7& 8 3"
Fabless Companies Geographic !istribution
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'abless Statistics
Company " location Percentage
TS(5 < Taian 7&
+(5 < Taian 27&
5hartered semi < +S "&
American (icrosystems < +S %&
=ther < orldide :&
Geographic #istribution of Foun!ries serving Fabless Companies
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Background to the Israeli
Semiconductor Industry>ery strong microelectronic academic de)artments from early ?"0s.
many Israeli engineers emigrated# in the ?"0s# %"0s and :"0s to the silicon
>alley to ork in semiconductor com)anies.
'irst multinational semiconductor com)anies o)en Israeli R@, centers in
the late ?"0s and early %"0s -(otorola ?7# IB( %2 and Intel %7.
Israeli engineers from silicon valley return to Israel in the :"0s and 1"0s.
In 1:7# first multinational semiconductor com)any o)en a foundry in
Israel Intel0s fab in erusalem.
structure changes in the Israeli economy restructure of the military
industries# the stability )rogram# liberaliCation and globaliCation.
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Background to the Israeli 'abless
IndustrySmall country for a semiconductor industry fabless com)anies are
smaller com)anies and have more floatability in changing technology sector.
,istance from the market it is easier to e/)ort design then )roducts.
4eak marketing abilities and eak in selling to the final costumer
selling to the semiconductor com)anies or selling through =;(s.
Strong R@, abilities the most im)ortant factor is R@,.
Shortage of ca)ital and eak ca)ital markets less ca)ital needed tofablees com)anies and less risk.
+nstable area fabless com)anies have more floatability in changing
location.
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Israeli Statistics
chi) design and semiconductor is the most im)ortant sector in the Israeli
Hiisiontech as
acDuired by Broadcom for $%""(.
In 111# ,S65 as acDuired by Intel for $.?B and 9ibit as acDuired by
TI for $7?!(.Today# there are at least 3 semiconductor startu)s among the to) "
)rivate startu) in Israel -Saifun# (obilian# ;Cchi).
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5ase Studies the Sam)le
! startu) com)anies - chi) design com)anies and 7 related industries.
'airly re)resentative ith small biases to more successful startu)s.
Technologies a))lying to % different categories.
The com)anies ere established in 7 )hases of the Israeli >5 industry.
large difference in success -failures to tremendous successes.
'e geogra)hic areas.
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(ethodologyBackground.
Initial (a))ing of the Israeli chi) design com)anies.
,ee) research on ! chi) design startu) com)anies.
Intervies ith most of these startu) com)anies.
AnalyCing the sam)le results.
Building an Initial Eroth (odel.
Initial )olicy im)lications.
+nderstanding the fundamentals of Italy chi) design sector and adFustingthe model to Italy.
Increasing the sam)le < checking and e/)anding the groth model.
6olicy Im)lications.
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;ntre)reneur Background
>ery strong educational background -" 6h,# 3 (.Sc ;; and 2 B.Sc ;;.
Strong 4ork e/)erience background -% (*;# ! S+# 3 I,'# 7 Academia.
Strong managerial e/)erience -% manager )ositions# 2 entre)reneurs.
Strong core additional team -! very strong# ! strong.
Strong R@, )osition e/)erience -! R@, )ositions.
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Trigger and 'oundation
(ost startu)s ere lead by the scientists and the technology develo)er
-2 startu)s.
4e believe that half of the startu) ould have established even if the
market condition ere less attractive -driven by very strong technology.
4e found fe kind of triggers -develo)ment in academia# develo)ment
during )revious orks and )roblem solving.
At least % startu)s ere triggered by the *asdaD good conditions.
To startu)s ere in technology incubators.
To startu) ere s)in
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Business (odel
The technology innovationG ! s)ecific )roducts# ? )latform technology
and 7 radical technology.
Becoming more focus in areas of develo)mentG ? more focus# ? no
change and 3 broadened.
(arketing modelG ! direct sales# ? =;(s and : strategic and marketing
)artnershi)s.
Eroth 6rofilesG 2 I6= and (@A# 2 I6=# 2 fast (@A# (@A as last
rescue and : not clear yet.
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=)timal Eroth 6rofiles
Path $
Strong entre)reneur background
Strong technology in a significant segment
I6=
=;( or8and Strategic agreements
I6=
(@A
'ast (@A
Path %
Path &
Path '
Additional strong initial team
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;/)lanation of the (odel
6ath G com)anies ith all characteristics of o)timal )rofile of groth# hichunderent successful I6= and ere later acDuired by a large multinational com)any
-2 com)anies in our sam)le.
6ath 2G com)anies ith all characteristics of o)timal )rofile of groth# hich had
gone trough a successful I6= -2 com)anies in our sam)le.
6ath 3G com)anies ith all characteristics of o)timal )rofile of groth# hich ere
acDuired by a large multinational com)any in the beginning of their marketing and
strategy alliances efforts - com)any in our sam)le.
6ath 7G com)anies that seems to have all characteristics of o)timal )rofile of groth
but are only in an initial )hase of marketing and strategic agreements -2
com)anies in our sam)le.
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Path$->ery Successful 5om)anies
com)anies ith founders ith very strong background and e/)erience and
very strong technology. These factors often leverage the com)any into
strong =;( and strategic agreements ith leading multinational
com)anies. The com)anies0 initial success enables them to go through a
successful I6=# hich hel)s them kee) groing. 9ater on# hen thetechnology ga) closed and the market consolidation in their segment began#
they ere attractive enough to be acDuired be one of the com)etitors for a
significant amount. In Israel# e identified 2 com)anies# hich have gone
through )ath.
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Path'-Tremendous Success or
(oderate Success
)ath2 is divided to 2 ty)es of com)anies. Ty)e -tremendous success