AMCC Further Expands Digital and Mixed-Signal Design Capabilities With the Acquisition of Colorado-Based SiLUTIA.Business Editors and High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Sept. 21, 2000 SiLUTIA's Core Competencies in High Speed I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output and Transceiver Design Build Upon AMCC's Integration and Serial Backplane Strategies Applied Micro Circuits Corp.(R) (AMCC AMCC Applied Micro Circuits Corporation AMCC Air Mobility Control Center AMCC Ashore Mobile Contingency Communications AMCC Advanced Materials Commercialization Center AMCC allied movement coordination center (US DoD) ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMCC), the leader in high-bandwidth silicon connectivity for the world's optical networks, Thursday announced the acquisition of SiLUTIA, a digital and mixed-signal company focused on providing high-speed, low-power I/O connectivity solutions for the broadband communications market, for an undisclosed amount. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , SiLUTIA was founded in 1999 and is located in Fort Collins, Colo.; the company specializes in developing high-speed CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. transceivers and I/O protocol controllers. SiLUTIA will become a product development center of excellence focusing on mixed-signal devices that support AMCC's system solution approach, and cores that can be integrated into future AMCC PHY See physical layer and physical. , framer, switch fabric, and, following the completion of the merger with MMC See MultiMediaCard and Microsoft Management Console. Networks, network processor solutions. "This acquisition reflects our strategy of providing leading-edge digital and mixed-signal solutions to the optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. communications markets, as we enhance our product development capability and pursue additional integration paths," said Greg Winner, AMCC's vice president of engineering. "The fusion of SiLUTIA and AMCC will extend our future PHY, framer, network processor and switch fabric design, and will further enhance our ability to provide total system solutions to our customers." "AMCC's clear commitment to providing leading-edge solutions in the digital and mixed-signal arenas, combined with their successful acquisition and integration track record with companies such as Cimaron Communications and YuniNetworks, make this acquisition a compelling move for both companies," said Randy Zwetzig, former 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. of SiLUTIA. "We're excited to be joining an industry leader that provides high-bandwidth silicon connectivity solutions; we believe that our high-speed I/O capability will provide substantial benefits to AMCC's customer base, and look forward to the continued growth of our Colorado development center." Randy Zwetzig, SiLUTIA's CEO, will serve as AMCC's director of interconnect engineering and report directly to Greg Winner, AMCC's vice president of engineering. The acquisition of SiLUTIA will bring AMCC's staffing levels to over 636 people worldwide. Effective immediately, AMCC will assume operations of SiLUTIA's Fort Collins facility. This transaction will be accounted for as a purchase, and reflected in AMCC's financial statements for the quarter ending Sept. 30, 2000. About AMCC AMCC designs, develops, manufactures and markets high-performance, high-bandwidth silicon solutions for the world's optical networks. The company utilizes a combination of high-frequency, mixed-signal design expertise and multiple silicon process technologies to offer IC products for the telecommunications market that address the SONET/SDH and ATM transmission standards and for the 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. markets that address the Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. , ATM and Fibre Channel transmission standards. AMCC's core technologies also address ATE and high-speed computing needs. AMCC's corporate headquarters and wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. facilities are located in San Diego. Sales and consulting engineering offices are located throughout the world. For further information regarding AMCC and its products, write: Marketing Communication Department, AMCC, 6290 Sequence Drive, San Diego, Calif., 92121-4358; or call 800/755-AMCC (800/755-2622) or 858/450-9333; or fax 858/450-9885; or email nwpr@amcc.com; or visit our Web site at http://www.amcc.com. Forward Looking Statements: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the future role of SiLUTIA, AMCC's product development strategy, the expected benefits of the acquisition and the future growth of AMCC. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, risks associated with difficulties in successfully integrating SiLUTIA's business and technologies, costs related to the acquisition, failure of AMCC to retain and hire key executives, technical personnel and other employees of SiLUTIA, as well as the factors discussed AMCC's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 31, 2000, and AMCC's other filings with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and AMCC does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements. AMCC is a registered trademark of Applied Micro Circuits Corp. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion