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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.
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