Product category: Light Emitting Diodes (LEDs)
News Release from: Avago Technologies
Edited by the Electronicstalk Editorial Team on 05 December 2005
Agilent semiconductor operation becomes
Avago
Avago Technologies has begun operations as the world's largest privately held independent semiconductor company.
Avago Technologies has begun operations as the world's largest privately held independent semiconductor company Avago was created as a result of the acquisition of Agilent Technologies' Semiconductor Products Group by Kohlberg Kravis Roberts (KKR) and Silver Lake Partners in a $2.66 billion transaction completed on 1st December 2005
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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"Our strategy is to leverage our substantial intellectual property, design expertise and system-level knowledge to win in our markets", said Dick Chang, President and CEO of Avago Technologies.
"We'll continue to provide the innovative products that enable our customers and that have established our market leadership positions".
"We'll also continue to drive profitability through a highly variable, low-cost operating model, and we'll capitalise on our new independence by developing an efficient, stand-alone cost structure".
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James H Greene Jr, a Partner at KKR and an Avago board member, said: "This is a momentous day for Avago Technologies".
"We believe its strong history of innovation, many leadership positions, world-class global supply chain and excellent reputation for outstanding customer service to the world's leading OEMs will produce solid revenue growth and returns".
John R Joyce, a Managing Director of Silver Lake and an Avago board member, said: "Avago Technologies is a customer-focused semiconductor company with great potential for growth".
"Given its strong intellectual property foundation of more than 2000 patents, global scale, talented management team, dedicated employees and cost efficient operating structure, Avago is already well on its way to becoming a true semiconductor powerhouse".
"We look forward to continuing to work closely with the Avago team to further enhance and extend Avago's leadership in the semiconductor arena".
Avago Technologies has an extensive portfolio of more than 5500 products, which are sold into a broad set of applications and end markets, including wireless and wired communications, industrial, automotive, consumer electronics and storage and computing.
The company maintains "top three" market leadership positions in optocouplers, infra-red transceivers, optical communications, printer ASICs, optical mouse sensors and motion control encoders.
Avago products are sold to more than 40,000 customers through both a worldwide distributor network and direct sales force.
Avago Technologies' headquarters is split between San Jose, California, and Singapore, and the company begins operations with 6500 employees of which 1000 are analogue design engineers.
Avago differentiates its business through effective supply chain management, strong worldwide distribution channels and a highly variable, low-cost operating model.
The company has over 35 years of operating history in Asia, where approximately three-quarters of Avago employees are located and where a significant portion of its products are produced.
Avago's presence in Asia places it in close proximity to many of its customers and to the centre of the worldwide electronics supply chain.
Avago maintains highly collaborative design and product development engineering resources around the world, including five design centres in Asia, four in the USA and two in Europe.
Avago Technologies in Europe starts with a total of 220 employees in seven different countries.
Avago Technologies Sales and Marketing headquarter is in Boeblingen and all 108 employees in Boeblingen have transferred from Agilent to the new company.
Avago Technologies Europe has an R and D site in Turin, Italy, one design centre in Germany and one in UK as well as a sales presence in seven countries.
Avago Technologies offers its employees new and exciting prospects for the future. Request free introductory details about products from Avago Technologies ...
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