The Cairo University SPARC (CUSPARC) processor is an IP embedded processor based on SPARC V8 ISA standard. It is fully developed at Cairo University and is the first Egyptian processor. CUSPARC was implemented on several FPGA and ASIC platforms. Its first ASIC version (CUSPARC V1) was implemented on Si in 2010 using IBM 0.13μm CMOS 8RF-DM process. This paper reports the design, fabrication and testing of an enhanced version of CUSPARC, labelled CUSPARC V2. CUSPARC V2 is augmented with an ADPLL, a hardware multiplier, and four JTAG scan chains.