Product category: Analogue and Mixed Signal ICs
News Release from: Wolfson Microelectronics
Edited by the Electronicstalk Editorial Team on 28 January 2003
Wolfson doubles turnover
Wolfson Microelectronics expects its audited results for 2002 to show a 100% plus growth figure, and is planning to increase its workforce by over 40%
Wolfson Microelectronics expects its audited results for 2002 to show a 100% plus growth figure, and is planning to increase its workforce by over 40% - principally at its Edinburgh headquarters. Commenting on the company's performance at a visit by Iain Gray, Minister for Enterprise, Transport and Lifelong Learning in Scotland, Wolfson Managing Director David Milne said, "Wolfson is showing that Scottish expertise and innovation is leading the world in many crucial knowledge based industries.
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We are a world beating technology company, providing a portfolio of cutting edge products produced through independent manufacturing partners around the world.
This success has been maintained through one of the worst downturns in the technology industries that I recall, and as a result we are now looking for additional team members at all levels to support us in developing the business further".
An award for Financial Performance by the fabless Semiconductor Association (a European first) has crowned a series of achievements for Wolfson that includes maintaining 50% year-on-year growth over the last 3 years against a backdrop of a major semiconductor industry downturn, a leading position in the Deloitte and Touche Technology Fast 50 for Scotland (twice), an exclusive supply agreement with Microsoft and a joint development agreement with Sanyo.
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The company has opened offices in the USA, Japan and Taiwan, to help develop further business for its sought-after technology.
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