Hyderabad, July 5
VITESSE Semiconductor Corporation, a California-based chip designer, has announced the formation of Indian subsidiary and plans research and development work at its Hyderabad centre.
The Hyderabad centre was carved out of its recent deal with Adaptec, wherein Vitesse acquired technologies and resources worth $1.4 million.
Addressing a press conference here today, the Chief Financial Officer of Vitesse, Mr Yatin D. Mody, said the Indian development team and other resources would help create a 24x7 development cycle for the company.
"Though we would not like to mention any numbers, we are confident of rapidly expanding Indian development and infrastructure. Typically, for a seasoned professional we would have to pay about $125,000 per annum in the US as opposed to about $25,000 in India. This would be advantageous for the company," Mr Mody said.
The Vice-President, Engineering, Vitesse (US), Mr David Sommers, who was earlier with Adaptec, said the Adaptec Indian centre was being consolidated in Bangalore. However, the design and development team that works on integrated circuits and related software to test storage communications markets would join Vitesse.
Employing about 725 people, Vitesse develops software products for communication, optical transport and other applications.
The company revenues slid from about $500 million in 2000 to $220 million last year following a downturn in the semiconductor market.