KARACHI: Jafar Business Systems (JBS) – one of Pakistan’s most prominent IT companies – has announced the acquisition of Imparé, a Silicon Valley-based startup that specializes in chip authentication, JEE News reported on Wednesday.
Notably, the acquisition marks JBS’s first investment in a startup outside of Pakistan and puts it at the forefront of the chip verification industry.
According to the details, Imparé was founded to establish a verification center in Pakistan and train local students to meet the growing demand for verification engineers in the growing silicon market.
The acquisition of Imparé expands JBS’s reach and influence, allowing the company to provide specialized chip design verification services to customers in the United States.
This initiative is in line with JBS’ objective of promoting innovation, entrepreneurship and driving economic growth in the country.
Speaking on the occasion, JBS CEO Waqarul Islam highlighted the company’s startup investment approach and commitment to building a strong business network.
Semiconductors, or chips, are inside everything from phones to cars. And the chip authentication market is expected to grow to $16 billion over the next five years, making it a high-demand and low-skill industry worldwide.
