Socle Technology Q1 Revenues Hit Record High and Year Revenues to Double Back

April 18, 2012 -- Socle Technology Corporation, the world's leading-edge provider of platform SoC solution and IC design service, announced April 11 its unaudited Q1 revenues reaching record high, a growth of more than 40% from last quarter and 50% increase YoY. The annual revenues are expected to double in 2012.

According to Socle Technology, application specific integrated circuits (ASIC) are the growth momentum and contribute 185 million to Q1 revenues. ASIC figures double Q4 result and triple the same quarter 2011. Socle's 28 nm designs are expected to tapeout in the second quarter of 2012 and power the growth. Socle Technology is now one of the few SoC design houses capable of designs at 28 nm nodes on the market.

Socle forecasts its revenues will register robust growth of more than 130% in 2012 due to the rising sales of ASIC and non-recurring engineering (NRE) designs. Socle claims to remain committed to research development, core competitiveness, and a tighter partnership with GLOBALFOUNDRIES its largest shareholder.

About Socle

Socle Technology Corporation, founded in 2001 and invested by GLOBALFOUNDRIES since December 2009, is well-recognized as a leading-edge provider of SoC design and implementation services as well as an architect for more complicated SoC design technology in advanced process nodes. As a strategic partner, Socle has developed some of the best ARM hardcore and ARM embedded SoC platforms among ARM solution providers worldwide. For the best design service with the one-stop-shop convenience, Socle works closely with GLOBALFOUNDRIES and other world-class partners of IP, EDA, and assembly and testing. www.socle-tech.com