Financial Daily from THE HINDU group of publications
Thursday, Jun 24, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 24, 2004 |
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Corporate
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Alliances & Joint Ventures Fedtec ties up with Fujitsu Micro to tap STB market Our Bureau
Bangalore , June 23 FEDERAL Technologies (Fedtec) has tied up with Fujitsu Microelectronics, a subsidiary of Fujitsu Ltd, to tap the growing set-top box market. The strategic partnership is aimed at maximising the strength of both companies in targeted applications in the digital television space, especially set-top boxes, officials told a press conference. As part of the agreement, Fujitsu Microelectronics Asia Pte Ltd will provide Fedtec with essential development tools, data sheets and technical information on Fujitsu chipsets for the design of set-top boxes. "Fedtec's intellectual properties and technologies have been known in the market and they are capable of bringing into this partnership expertise in the digital television field and customised set-top box solutions that the market requires. The software developed by Fedtec is extremely important and enables us to value-add. We will be able to leverage on each others strength and capabilities for the design of set-top boxes," said Mr Ronnie Lau, Vice-President of Fujitsu Microelectronics. FedTec will have the right to buy key components from Fujitsu Microelectronics for the manufacture and sales of set-top box products using these components, he added. Mr Rathan Kumar, Chairman and CEO, FedTec, said his company would sell original design end-products made according to customer's specifications, manufactured out of a third-party facility in India or elsewhere, to any customers in the world. "We will be able to gain from the transfer of the latest technologies and the backing of Fujitsu," he added. Fujitsu officials said an estimated 80 million set-top boxes have been already been sold in the world, and this figure is projected to go up to 200 million by 2007.
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