Moschip to chip in new products

HYDERABAD, INDIA: Moschip Semiconductor Technology Limited plans to bank on new products and explore fresh market segments to strengthen its business this year. The exercise, feels the company, would drive it towards achieving the internal targets.

Furthermore, the fabless semiconductor company is also gearing up to wind up a few acquisitions.

C Dayakar Reddy, managing director of the Hyderabad-based company summed up the firm’s growth strategy.

“Our goal is to grow the revenue and grow the product focus so that we participate in more vertical market segments. We are looking at both organic and inorganic growth. We would continue to leverage the existing capabilities and develop new product. In terms of inorganic growth, we are looking at companies that will allow us to acquire them and who have products that are synergistic in nature.’’

Moschip has lined up the new products to be released later this year. “We have built a lot of IPs and what we are trying to do is leverage those IPs and come out with new products and thereby grow the business and also increase the scope of markets segments,’’ said Reddy.

Without detailing much Reddy hinted that wireless and convergence could be the new market segments that the company can look at.

Reddy also said that the company is evaluating a few companies in the US and Europe for possible acquisitions.

“We have a few on the plate to look at. We would acquire one company at a time. Most of the companies we are talking to have big R&D. We are looking to leverage their market presence, reduce their R&D expense and integrate their product and the product component coming form India,’’ said Reddy.

Elaborating on the integration process, Reddy said, “Most of the R&D would come from India. The key technology, however, would remain in the new organization.’’

Moschip is looking at companies that are either equal to its size or slightly bigger.

So far, Moschip has acquired two companies NetMos and Verasity.