The Hindu Business Line : Pulsecore to invest $15 m over 3 years

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Bangalore Feb. 16 US-based Pulsecore Semiconductor announced it would invest $15 million over next 2-3 years in India and double its headcount by 2009 in its Bangalore subsidiary. Besides this organic growth, it is also looking to acquire Asian semiconductor firms that range from $ 15million to $ 50 million in size. The technology of these firms must complement Pulsecore's, said Mr Narendar Venugopal, CEO, PulseCore Semiconductor.

The $ 14 million firm makes clocking chips - which are integral to the functioning of any processor and can be called the "heartbeat" of any computer. The firm was recently bought over by Shah Capital Partners and August Capital and the Bangalore entity was set up in November. The firm expects a growth of 50 per cent to obtain $ 20 million in revenues next year.

The Bangalore centre employs 41. The firm serves over 20 clients in various markets: digital consumer electronics (set top boxes, game consoles); PC peripherals; mobile, data communication/telecommunication; notebooks; automotive.

The firm has filed over 15 patents in their domain, some include EMI reduction, die size reduction and integration of more functions on their chips. The firm has shipped over 50 million chips this year and is looking forward to supplying to contract manufacturers in the country.