Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Oki Electric
Edited by the Electronicstalk Editorial
Team on 28 September 2007
Companies announce design partnership
Wipro has signed a definitive agreement to acquire Oki Techno Centre Singapore (OTCS), including its intellectual property rights, in an all cash deal over a period of one year.
Oki Electric and Wipro Technologies have formed a strategic partnership offering design services for the semiconductor market As part of this partnership, Wipro has signed a definitive agreement to acquire Oki Techno Centre Singapore (OTCS), including its intellectual property rights, in an all cash deal over a period of one year
This article was originally published on Electronicstalk on 10 Apr 2002 at 8.00am (UK)
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Wipro will also establish a dedicated Development Centre for Oki.
OTCS is a wholly owned subsidiary of Oki focused on wireless design.
The development centre set up by Wipro will enable Oki to use design resources efficiently and enhance product development capabilities.
This will enable Oki to expand its semiconductor business and increase its competitive edge in designing semiconductor products.
"Oki has been enhancing its design and development skills to respond to more complex and sophisticated LSIs".
"We have been looking for a global partner to improve our efficiency in semiconductor design through outsourcing, as we focus on improving our core designing capabilities", said Masahiko Morioka, President of Silicon Solutions at Oki Electric Industry.
"The capability at Wipro will enable Oki to provide high-quality technologies and products to its customers in a timely manner".
"The wireless communication IC marketplace today is demanding integrated SoC solutions requiring expertise in digital and RF domain".
"The acquisition of OTCS is a significant step in our plans to strengthen the leadership in design services in the RF and baseband technology space".
"The acquisition also provides a solid base for addressing the large market in Japan and East Asia", said Ramesh Emani, President, Telecom and Product Engineering Solutions Division, Wipro Technologies.
Commenting on the acquisition, Sudip Nandy, Wipro's Chief Strategy Officer said, "Wipro sees this transaction as a strategic fitment in building niche competencies which would enhance our presence among technology companies in Japan".
"As part of this acquisition, we will also set up a dedicated Development Centre for Oki".
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