Collaborative company set up for DRAM design, development
Bangalore, Apr 4 (UNI) Singapore-based FTD Technology today announced starting a new company Edison Semiconductor Pvt Ltd here in collaboration with Japan-based Elpida Memory Inc for production of Dynamic Random Access Memory (DRAM) chips.
Edison, a wholly owned subsidiary of the FTD Group, would be the first-ever DRAM design and development company in the country.
Addressing a press conference here, FTD Chief Executive Officer P Bala said this was for the first time that Elpida, a global leader in DRAM chips production, was collaborating with another company to set up a new facility for design and development in India. The total investment in the new venture would be to the tune of US Dollar 25 million in the next three years.
He said the market for semiconductor products was witnessing 75 per cent growth and the demand was for five to seven billion chips per month.
Elpida Manager Shigeru Koshimaru said the global market for semiconductor products was worth about 500 billion Dollars and that of DRAM 30 to 35 billion Dollars. ''India has a multi-faceted talent pool in the semiconductor space and by setting up Edison, we plan to leverage this telent pool and enhance our design and product development capabilities.'' UNI MSP GD GM1900