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of <h1>RRP Semiconductor Expands into Fabless Market with ASIC IP Acquisition, Aiming for Domestic Chip Manufacturing and Market Growth.</h1> RRP Semiconductor Ltd., a key player in the semiconductor and renewable energy sectors, has entered the fabless semiconductor market by acquiring complete ASIC IP transfer from European partners. This strategic shift enables RRP to independently design and develop semiconductor solutions, positioning it as a comprehensive provider with capabilities in OSAT packaging and Fab prototyping. The company aims to manufacture automotive components and chips domestically, reducing imports and tapping into a market expected to grow from $25 million to over $100 million in two years. This move aligns with the projected ASIC market growth, enhancing RRP's presence in the semiconductor ecosystem.
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