3Com Expands Its Global Portfolio With Investment in Silicon Value; Investment in Israeli ASIC company Augments 3Com Company-wide Silicon Strategy.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif--(BUSINESS WIRE)--Nov. 1, 1999-- 3Com Corporation (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) today announced that, through 3Com Ventures, a business development group within the company that invests in emerging technology companies worldwide, it has made an equity investment in Silicon Value, a leading System-on-Chip (SOC (System On a Chip) The electronics for a complete, working product contained on a single chip. While a microcontroller includes all the hardware components required to process instructions, an SoC includes the computer and all required ancillary electronics. ) ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. (application-specific integrated circuit (hardware) Application-Specific Integrated Circuit - (ASIC) An integrated circuit designed to perform a particular function by defining the interconnection of a set of basic circuit building blocks drawn from a library provided by the circuit manufacturer. ) manufacturer. Silicon Value, headquartered in Jerusalem, Israel, has developed a breakthrough technology that achieves extremely high circuit densities on ASIC chips while solving the time-to-market problems associated with deep submicron ASICs. Silicon Value's smaller chip size results in substantial cost reductions and allows more functionality to be put on chips than ever before. In addition, the smaller chip can operate at higher frequencies and requires less power, enabling a number of new applications in communications and consumer markets. "Silicon Value provides a new breed of ASICs that are increasingly important to next-generation products where reducing costs, improving performance and time-to-market are critical," said Yair Sakov, director of Business Development, 3Com. 3Com is taking a two-pronged approach to enhancing its silicon capabilities company-wide. First, 3Com plans to selectively invest in companies like Silicon Value, which have advanced technologies that address the need for low-cost, high-performance silicon in the networking market. Second, 3Com plans to make acquisitions to obtain the ASIC technology and intellectual property (IP) necessary to actively leverage and cultivate cul·ti·vate tr.v. cul·ti·vat·ed, cul·ti·vat·ing, cul·ti·vates 1. a. To improve and prepare (land), as by plowing or fertilizing, for raising crops; till. b. the silicon design and development process needed to create high-performance silicon that can be shared and reused across 3Com's product line. "We are very excited about having 3Com as an investor in our future" said Moti Kintzlinger, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder of Silicon Value. "We have been serving 3Com's ASIC needs for the last three years and look forward to continuing our work with 3Com in the development of next-generation solutions for the marketplace." The investment in Silicon Value also serves to expand 3Com's global investment portfolio, especially in Europe and Israel. In the past year, 3Com invested in the Orion Fund, an Israeli-based technology fund, in addition to the investment in Silicon Value. The company also acquired SmartCode Technologie, a leading developer and provider of wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and Internet access See how to access the Internet. software technology located in Montpellier, France. About Silicon Value Silicon Value is a leading ASIC manufacturer that specializes in ultra-high performance and ultra-high-density ASICs targeted for communications and consumer applications. Its breakthrough full-custom design technology, the SiliconMaster(TM), enables quick integration and timing closure of complex, high-performance deep-submicron SOCs in the smallest-ever silicon areas in the ASIC industry - often as small as a quarter of the die size of other cell-based ASICs. This results in unprecedented reductions in manufacturing costs, integration of much more circuitry on single chips, higher performance, lower power consumption and faster time-to-market. Silicon Value's headquarters are located in Jerusalem, Israel. The US Design Center and the sales and marketing office are located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . For further information, please visit Silicon Value's website at www.silicon-value.com About 3Com Ventures 3Com Ventures, Inc. is a venture capital group within 3Com Corporation that invests in emerging technology companies around the world. Most recently 3Com has invested in companies that specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in wireless technologies, handheld devices, home networking, converged networking The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. and Internet-related technologies. About 3Com Corporation With approximately 300 million customers worldwide, 3Com Corporation connects more people to information in more ways than any other networking company. 3Com delivers innovative information access products and network system solutions to enterprises, small businesses, carriers and network service providers, PC OEMs and consumers. 3Com - More connected(TM). For further information, visit 3Com's World Wide Web site at www.3com.com or the press site at www.3com.com/pressbox. 3Com is a registered trademark and More connected is a trademark of 3ComCorporation. Silicon Value and SiliconMaster are trademarks of Silicon Value Inc. |
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