Intel invests in Silicon Automation Systems

BANGALORE: Silicon Automation Systems (SAS) has received financing from Intel. According to SAS chief executive officer Rajiv C. Mody, the investment would help SAS strengthen its marketing activities in its core areas of business. Mr Mody however refused to reveal details on the investment and the equity stake that Intel will take in SAS.

"We consider Intel's investment in SAS to be of strategic importance to our technology roadmap. The investment will facilitate SAS' infrastructure development to enable production of more advanced communications technolgies," Mr Mody said.

Intel Corporation, south Asia director Atul Vijakar said that SAS was the sixth company in India where Intel has invested during the last one year as part of its global strategy. SAS will be setting up its own facility in Bangalore at a cost of Rs 70 crore. It will also open offices in Europe and Taiwan.

SAS is engaged in developing solutions in the areas of telecommunications, signal processing and design tools. It was founded in 1989 and is headquartered in Bangalore, with marketing offices in the US and Japan.