Financial Daily from THE HINDU group of publications
Thursday, Feb 26, 2004
Financial Daily from THE HINDU group of publications Thursday, Feb 26, 2004 |
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Info-Tech
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Off-shore Development Xilinx sets up India centre at CMC Our Bureau
Mr Willem P. Roelandts, President CEO and Chairman, Xilinx Inc and Mr R. Ramanan, Managing Director and CEO, CMC Ltd. are in a discussion after the press conference in Hyderabad. - - A Roy Chowdhury
Hyderabad , Feb. 25 XILINX Inc, the $1.3-billion semi-conductor designer and solutions provider for global chip consumers, on Wednesday announced plans to establish its development centre at CMC's R&D centre in Hyderabad, the first in Asia. The Chairman and Chief Executive Officer of Xilinx, Mr Willem P. Roelandts said: "This move to establish a centre in Hyderabad is of strategic importance for the company since India offers a large talent pool and significantly brings in cost advantages." "As Asia has become a major centre for digital consumer electronics, it is a natural step for Xilinx to establish a technology development centre in partnership with CMC Ltd." "The Xilinx India Development Centre (XIDC) would be developed on build, own and transfer model and enable the company to expand presence in the Asia-Pacific region. The region and Japan accounted for more than 35 per cent of the total revenues of Xilinx in the fiscal 2003. Sony, LG, Samsung are among a host of leading consumers of our services," he said. The Managing Director and Chief Executive Officer of CMC Ltd, Mr R. Ramanan, said the association with Xilinx would enable the company to address new areas of research and technology solutions that are required for multiple applications and specifically address the Asian region. While the company did not make any commitment with regard to the total investments likely to be made in the Indian centre, they expected to have about 300 in the near future. While Xilinx would provide management support to the centre, CMC will establish and run the XIDC. Xilinx employs over 2,600 worldwide and its customers include Cisco, Sony, Lucent, Nortel, Agilent, Samsung, IBM and NEC, among others.
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