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Customized chip to roll out of B’lore

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CIOL Bureau
New Update

BANGALORE: Insilica, the fabless silicon solutions provider, will bring out its first product by the middle of 2004. According to the company, this product will be custom designed for a customer in the networking space, as per its model of designing and creating chips keeping the customer’s specific requirements in mind.



"We have been in operations for a little more than a year now and will begin shipping our first products by mid 2004. We have around five active customers and are in conversation with 20 others at least. We hope to achieve breakeven in the next three years or so," said GM of the Bangalore Design Center of Insilica, CS Balasubramanian.



The first company to be set up by Vinod Dham and Tushar Dave’s NewPath Ventures, Insilica was established with Series A funding of $10 million and expects to go for the second round, where it hopes to raise nothing less if not more, by the end of this year.



"Almost all of our IP creation happens out of Bangalore, with a sales force in the US. We will look to file close to three patents in the calendar year from this center. There are a little more than 40 people working here and we will look to double this and take the number closer to 100 by end 2004," said Balasubramanian. Almost 80 percent of the company’s workforce is concentrated in the hardware side, and according to Balasubramanian, there is a shortage of people higher up in the skill and expertise ladder.



"We are working with academic institutions in an attempt to streamline their VLSI courses and make the studies more pertinent to industry needs. We are also talking to a lot of people in the US who might be interested in moving back to India," said Balasubramanian. He also stressed on the need for a domestic market in India for the semiconductor work to go beyond mere outsourcing.



The company, whose focus areas include the wireless, processing and multimedia industries, also hinted at a partnership with a global firm in the next month, which will aid it in addressing customers better.



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