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Our Bureau

Fund aimed at partnering local cos

Hyderabad , Sept. 22

The semiconductor company Xilinx is in the process of setting up its third Fund, its first for Asia, which will have substantial focus on India.

Unlike the traditional venture capitalists, this Fund is aimed at partnering local technology companies, providing financial and technological support from the Xilinx perspective in the areas of EDA (electronic design automation) and programmable logic companies.

The Xilinx Vice-President, Mr Stacy Fender, said that the company has two funds, both of which are operational in the US. This will be the first fund for Asia, and the focus would be on two of the most promising markets in the region, India and China.

Dr Kumar Shiralagi of Intel Capital said that the Fund, which has a corpus of $250 million and which was formed in December 2005, has so far invested in nine companies. He added that the company was continuing to scout for prospective investments in various technology areas.

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