Hyderabad, Andhra Pradesh, India
Vitesse Semiconductor Corporation (Pink Sheets: VTSS) announced plans to significantly increase its presence in Hyderabad, India, where it currently manages a design-development center.The Company announced plans to increase investment in this design center by over 100% per year over the next three years.
Vitesse acquired the ASIC design center from Adaptec, Inc. several years ago for the development of Raid-on-Chip processors for storage applications. More recently, the Design Center has been focused on developing products for the emerging high-performance Ethernet Networking applications.
India Design Center director Ravi Pattisam commented, "We are very pleased to announce our expansion plans for the India Design Center. We have critical technical expertise in Enterprise and Carrier Networking that will allow Vitesse to deploy more products into this fast-growing market segment. We are excited to be a strategic part of Vitesse's future growth. Our expertise will provide low-cost development capability, as well as around the clock resources to improve time-critical development schedules."
The India Design Center has deployed several multi-million gate integrated circuit products in a variety of technologies, including a Raid-on-Chip processor for the Storage market, as well as a recently announced highly-integrated Gigabit Ethernet MAC controller for Carrier and Enterprise Networking.
About Vitesse
Vitesse designs, develops, and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for communications and storage networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in Gigabit Ethernet LAN, Ethernet-over-SONET, Fibre Channel, Optical Transport, and other applications. Vitesse innovation empowers customers to deliver superior products for Enterprise, Access, Metro, and Core applications. Additional company and product information is available at www.vitesse.com.
Vitesse is a registered trademark and Barrington-II and Schaumburg-II are trademarks in the United States and/or other jurisdictions of Vitesse Semiconductor Corporation. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.
Safe Harbor
Statements made in this release that are not historical facts are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These forward-looking statements may include, but are not limited to, statements containing words such as "anticipate," "believe," "plan," "estimate," "expect," "hope," "intend," and similar expressions. Factors that could cause actual results to differ are identified in the public filings made by Vitesse with the Securities and Exchange Commission and include the fact that we have disclosed that you should not rely upon our published financial statements and the fact that we have not filed all of our reports required by the Securities Exchange Act of 1934. More information on factors that could affect our business and financial results are included in our public filings made with the Securities and Exchange Commission, which are available on the web site of the Securities and Exchange Commission, www.sec.gov.
The forward-looking statements involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control. We caution investors that any forward-looking statements made by us are not guarantees of future performance. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.
Source: Business Wire (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.
