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Wipro buys Oki wireless design unit in Singapore

Posted: 02 Oct 2007 ?? ?Print Version ?Bookmark and Share

Keywords:wireless design? Oki subsidiary? Singapore unit?

Wipro Technologies and Oki Electric Industry Co. Ltd have announced a strategic partnership in the area of design services for the semiconductor market.

As part of this partnership, Wipro has signed a definitive agreement to acquire Oki Techno Centre Singapore Pte. Ltd (OTCS), including its own intellectual-property rights, in an all cash deal over a period of one year. Wipro will also establish a dedicated development center for Oki.

OTCS is a wholly owned subsidiary of Oki focused on wireless design and has demonstrated innovative capabilities in RF and baseband design. It is a 40-member center with $5.95M in revenues for fiscal year ended March 31, 2007. The company has key customers in Japan in product engineering space.

The development center set up by Wipro will enable Oki to utilize design resource efficiently and enhance product development capabilities. This will enable Oki to expand its semiconductor business and increase its competitive edge in designing semiconductor products in the global market.

"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 Company 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."

Sudip Nandy, Wipro's chief strategy officer, commented, "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 center for Oki."

The entire transaction is expected to be closed during the next month.

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