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eSilicon Accelerates Expansion in Europe
Company Extends Leadership Position in European Fabless ASIC Market
SUNNYVALE, CA -- (Marketwire) -- 10/28/08 -- eSilicon Corporation, a pioneeringsemiconductor value chain producer (VCP), today announced several stepsthat it is taking to extend its position as the leading fabless ASICsupplier in Europe. The company continues to strengthen its Europeanoperations to support a growing list of customers and to satisfy anincreased demand for its design and manufacturing services. Furthermore,the company now has more than two dozen customers across Europe and hasshipped millions of components to this region.
As a result of the company's significant growth in the region eSilicon haspromoted Rob Cadman to Vice President of European Sales and Operations. Heis based in the company's UK office. Mr. Cadman oversees operations thathave made eSilicon one of the fastest growing and largest fablesssemiconductor companies in Europe. He leads a thirty-plus person Europeanteam that includes sales, design services and support functions.
A key to this strategy is the expansion of eSilicon's Bucharest, Romaniadesign center adding local expertise to address its customers' mostdemanding and complex chip development requirements. The company continuesto look at expansion opportunities in other parts of Europe as well. Aspreviously announced this year, eSilicon acquired the existing productlines and certain assets of SwitchCore AB, a Swedish-based provider ofhigh-performance Ethernet network switching chips.
"Europe is strategically important to us for many reasons; not the least ofwhich is a solid and growing customer base that understands the value ofour business model. We also have key partners like ARM, Chip Idea (MIPS)and S3 in the region, and enjoy a strong partnership with TSMC's Europeanoperations," said Jack Harding, chairman, president and CEO of eSilicon."Our European customers are creative, technically savvy and leaders in someof the world's biggest and fastest growing markets which is an idealsituation for a company like ours. We are looking forward to experiencingcontinued growth in Europe by expanding our customer base and tapping intoa very qualified workforce which has played a key role in eSilicon'ssuccess."
"There is a growing entrepreneurial philosophy within European companiesthat is making them more competitive. This is especially true in hightechnology sectors such as electronics and semiconductors. Europeancompanies are increasingly more committed to outsourcing functions that arenot part of their core competency. For a company like eSilicon thispresents tremendous opportunities to implement their unique business modeland be a key driver in the future growth of high technology business inEurope," said David B. Audretsch, Director of Entrepreneurship, Growth andthe Public Policy Group at the Max Planck Institute of Economics, locatedin Jena, Germany.
About eSilicon
eSilicon, a pioneering semiconductor Value Chain Producer (VCP), provides acomprehensive suite of design, productization and manufacturing servicesenabling a flexible, low-cost, lower-risk path to volume chipproduction. The company delivers custom chips (ASICs) to system originalequipment manufacturers (OEMs) and fabless semiconductor companies whoserve a wide variety of markets including the consumer, computer,communications and industrial segments. eSilicon -- Enabling Your SiliconSuccess(TM). For more information, visit www.esilicon.com.
eSilicon and the eSilicon logo are registered trademarks, and Enabling YourSilicon Success is a trademark, of eSilicon Corporation. Other trademarksare the property of their respective owners.
Press Contacts:Dmitry LipkineSilicon Corporation408-616-4655dlipkin@esilicon.comMike SottakWired Island, Ltd.408-876-4418mike@wiredislandpr.com
A key to this strategy is the expansion of eSilicon's Bucharest, Romaniadesign center adding local expertise to address its customers' mostdemanding and complex chip development requirements. The company continuesto look at expansion opportunities in other parts of Europe as well. Aspreviously announced this year, eSilicon acquired the existing productlines and certain assets of SwitchCore AB, a Swedish-based provider ofhigh-performance Ethernet network switching chips.
"Europe is strategically important to us for many reasons; not the least ofwhich is a solid and growing customer base that understands the value ofour business model. We also have key partners like ARM, Chip Idea (MIPS)and S3 in the region, and enjoy a strong partnership with TSMC's Europeanoperations," said Jack Harding, chairman, president and CEO of eSilicon."Our European customers are creative, technically savvy and leaders in someof the world's biggest and fastest growing markets which is an idealsituation for a company like ours. We are looking forward to experiencingcontinued growth in Europe by expanding our customer base and tapping intoa very qualified workforce which has played a key role in eSilicon'ssuccess."
"There is a growing entrepreneurial philosophy within European companiesthat is making them more competitive. This is especially true in hightechnology sectors such as electronics and semiconductors. Europeancompanies are increasingly more committed to outsourcing functions that arenot part of their core competency. For a company like eSilicon thispresents tremendous opportunities to implement their unique business modeland be a key driver in the future growth of high technology business inEurope," said David B. Audretsch, Director of Entrepreneurship, Growth andthe Public Policy Group at the Max Planck Institute of Economics, locatedin Jena, Germany.
About eSilicon
eSilicon, a pioneering semiconductor Value Chain Producer (VCP), provides acomprehensive suite of design, productization and manufacturing servicesenabling a flexible, low-cost, lower-risk path to volume chipproduction. The company delivers custom chips (ASICs) to system originalequipment manufacturers (OEMs) and fabless semiconductor companies whoserve a wide variety of markets including the consumer, computer,communications and industrial segments. eSilicon -- Enabling Your SiliconSuccess(TM). For more information, visit www.esilicon.com.
eSilicon and the eSilicon logo are registered trademarks, and Enabling YourSilicon Success is a trademark, of eSilicon Corporation. Other trademarksare the property of their respective owners.
Press Contacts:Dmitry LipkineSilicon Corporation408-616-4655dlipkin@esilicon.comMike SottakWired Island, Ltd.408-876-4418mike@wiredislandpr.com
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