2/26/2004 - Xilinx, Inc. (NASDAQ: XLNX), the world's largest supplier of programmable logic solutions with 2003 calendar year revenues of US$ 1.3 billion, 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 a 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.
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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