NI and Soliton Technologies Sign Strategic Agreement
August 25 2020 - 9:00AM
Business Wire
Companies to partner on development of new IP
for semiconductor validation test
NI (Nasdaq: NATI) and Soliton Technologies, an expert in
enterprise-scale lab standardization, announced a strategic
agreement to accelerate new software offerings for semiconductor
design and validation. Together, the companies will deliver new
productivity tools and standardized frameworks to help engineers
design and get products to market faster, while unlocking the value
of test data across the semiconductor workflow.
Companies are challenged with testing increasingly complex
products while capturing high volumes of data in shorter amounts of
time. Modern software-connected systems that bridge multiple
sources of data from design to validation to production are
eliminating silos throughout the semiconductor product development
lifecycle. This partnership brings together NI’s innovation in
high-throughput and high-fidelity measurements with Soliton’s
expertise in lab standardization. It underscores NI’s software
strategy to connect test data across the enterprise value chain to
help customers get products to market more efficiently.
“Soliton is an expert in semiconductor validation software
frameworks. They have a combination of deep domain knowledge and a
commitment to software innovation. This will accelerate our unified
ability to deliver tailored software-connected systems for our
customers’ semiconductor validation and characterization needs.
This partnership helps us strengthen our vision of connecting the
design, validation and production stages of the semiconductor
product development flows,” said Ritu Favre, Senior Vice President
and General Manager of NI Semiconductor Business. “Our focus will
be to improve productivity of validation labs and to increase the
value of software to our mutual customers. We will jointly develop
tailored systems to solve our customer’s toughest business
challenges. We look forward to partnering with the Soliton
team.”
“This partnership will allow NI and Soliton to optimize our
respective strengths to provide transformational solutions for
semiconductor design and validation. We plan to provide customers
with a strong portfolio of out-of-the-box solutions and a
higher-level starting point to transform their labs with data
insights that accelerate, not hinder, the IC design cycle,” said
Dr. Ganesh Devaraj, Founder & CEO of Soliton. “NI has been an
industry leader in providing robust high-productivity software
platforms and systems. Their expertise combined with Soliton’s
decade long experience in creating standardization frameworks will
enhance business results for our customers by improving design
cycles through data quality, automation and reuse.”
About NI
At NI, we bring together the people, ideas and technology so
forward thinkers and creative problem solvers can take on
humanity’s biggest challenges. From data and automation to research
and validation, we provide the tailored, software-connected systems
engineers and enterprises need to Engineer Ambitiously™ every
day.
About Soliton Technologies
Founded in 1998 as the first NI Alliance Partner in India,
Soliton has grown into a leading global provider of purpose-built
software for semiconductor design validation and end-customer
evaluation of devices. Soliton is known for deep expertise in
helping multi-national companies successfully scale enterprise-wide
lab-standardization initiatives. Soliton is also focused on
bringing the capabilities of Machine Learning to help customers
better leverage their validation data.
Forward-Looking Statements
This press release contains forward-looking statements,
including any statements regarding activities to be conducted or
expected to be conducted by NI and Soliton; effects or results of
those activities; availability, features, or capabilities of any
products resulting from those activities; and impact of those
activities on NI’s business or plans. We wish to caution you that
such statements are just predictions, that actual events or results
may differ materially and could be negatively impacted by numerous
factors, including any inability of NI and Soliton to realize the
expected benefits of the strategic agreement including timely
developing and making available new productivity tools and
standardized frameworks; risks and uncertainties related to the
COVID-19 virus and further economic and market disruptions
resulting from COVID-19; further adverse changes or fluctuations in
the global economy; further adverse fluctuations in our industry;
foreign exchange fluctuations; changes in the current global trade
regulatory environment; fluctuations in customer demands and
markets; fluctuations in demand for NI products including orders
from NI’s large customers; component shortages; delays in the
release of new products; NI’s ability to effectively manage its
operating expenses; manufacturing inefficiencies and the level of
capacity utilization; the impact of any recent or future
acquisitions or divestitures by NI (including the ability to
successfully operate or integrate the acquired company’s business
into NI, the ability to retain and integrate the acquired company’s
employees into NI, and the ability to realize the expected benefits
of the acquisition; expense overruns; and adverse effects of price
changes or effective tax rates. Actual results may differ
materially from the expected results. We refer you to the documents
that the company files regularly with the Securities and Exchange
Commission, including the company's annual report on Form 10-K
filed on February 20, 2020 and quarterly report on Form 10-Q filed
on August 4, 2020. These documents contain and identify important
factors that could cause our actual results to differ materially
from those contained in this press release. NI undertakes no
obligation to update any forward-looking statement in this press
release. (NATI-F)
National Instruments, NI, ni.com and Engineer Ambitiously are
trademarks of National Instruments Corporation. Other product and
company names listed are trademarks or trade names of their
respective companies.
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Marissa Vidaurri Head of Investor Relations (512) 683-5215
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