Xilinx Partners with CMC Limited
to Establish
Technology Development Centre in India
HYDERABAD, INDIA, February 25, 2004 – Xilinx,
Inc. (NASDAQ: XLNX), the world's largest supplier of programmable
logic solutions with 2003 calendar year revenues of US$ 1.3 billion,
today announced a strategic partnership with CMC Limited, a Tata
Group company and leading provider of embedded and real-time hardware
and software solutions in India.
The new Xilinx-CMC India Development Centre (XIDC) in Hyderabad
is being established to develop field programmable gate array (FPGA)
solutions targeted at high-growth markets, such as digital consumer
electronics, automotive and communications.
At today’s press conference announcing the XIDC, Xilinx Chairman
and CEO Wim Roelandts said, “India is world-renowned for its
tremendous technical talent. As Asia becomes the centre for digital
consumer electronics, it’s a natural next step for Xilinx
to establish a technology development centre in partnership with
a high-calibre company such as CMC Limited. Our strategy is to invest
resources in high growth areas proportional to sales and revenues.
We’re confident that the XIDC will help us to expand our presence
in the Asia-Pacific region.”
Asia Pacific and Japan already account for more than 35 percent
of the company’s total revenues in fiscal year 2003, up from
13 percent just four years ago.
CMC Limited Managing Director and CEO R. Ramanan added, “We’re
partnering with Xilinx to develop leading-edge FPGA technology solutions.
CMC is totally committed to the success of the XIDC, and confident
that the natural synergies between our companies will ensure success
and valuable contributions for years to come.”
The Xilinx-CMC India Development Centre is one of Xilinx’
first research and development facility in Asia Pacific and is expected
to grow to 300 employees within the next several years. The new
development centre is housed within an independent facility on the
CMC campus in Hyderabad. Xilinx will provide management support
to the centre, and CMC will set up and run the XIDC with fully dedicated
technology development and managerial staff.
India has a large pool of technical talent and a well-developed
and enforced Intellectual Property protection system. It provides
an excellent environment for Xilinx to tap into the growing market
opportunities in the region,” said Akshya Prakash, managing
director of CMC Xilinx IDC. “We will provide exciting opportunities
that should attract the best engineering talent in the country.
Our partnership with CMC, given their many years of experience in
FPGA, hardware and system designs, will further strengthen Xilinx’
global R&D capabilities.”
CMC is a leader in providing embedded and real-time solutions to
worldwide clients in varied application areas – telecom/ datacom,
industrial, consumer, automotive, defence/aerospace. CMC became
a part of the Tata Group following the acquisition of majority equity
by Tata Sons Ltd. in 2001. CMC has been working closely with TCS,
a division of Tata Sons and Asia’s largest software company.
Xilinx achieved recognition in 2003 with several top business publications
and industry associations, among them: Forbes Magazine’s “Best
Managed Semiconductor Company”, Fortune Magazine’s top
10 of the “Best 100 Companies to Work for” in America
for the third year in a row, and The Fabless Semiconductor Association’s
“Most Respected Public Company” for the second year
in a row.
About Xilinx
Xilinx is the world's leading supplier of programmable logic solutions,
one of the fastest growing segments of the semiconductor industry.
The company’s offering includes the highest-performing and
lowest cost programmable chips, as well as a complete range of necessary
supporting technology and technical support. The company employs
over 2,600 people worldwide. Customers include Cisco Systems, Sony,
Lucent Technologies, Nortel Networks, Agilent Technologies, Samsung,
IBM, EMC and NEC among others. For more information, visit http://www.xilinx.com.
About CMC Limited
Founded in 1976, CMC is a premier Information Technology solutions
provider with a consolidated turnover of Rs. 6,790 million for the
FY 2002-03. Operating out of 18 offices and more than one hundred
and fifty service locations in the country, CMC Limited employs
around 3500 people and has a wholly owned subsidiary in USA called
CMC Americas, Inc.
CMC’s vision is to operate globally and bring the benefit
of Information Technology to improve the productivity of its customers
and the quality of its customer’s products and services. CMC
combines horizontal expertise in Information Technology with its
vertical experience developed by working in a wide range of Industries.
Following the successful disinvestment by the Government of India
in 2001, CMC Limited has become a part of the Tata Group.
-30-
# 0429
|
|
