Dubai Silicon Oasis Authority (DSOA) todayannounced that Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leadingsupplier of semiconductor solutions for network infrastructureapplications, is establishing an engineering design center in Dubai for thedevelopment of communications ICs and software. The Mindspeed facility willbe located at the DSOA Microelectronics Innovation Center.
An inauguration ceremony commemorating the Mindspeed Dubai design anddevelopment center took place in Dubai, attended by Dr. Mohammed AlZarouni, Vice Chairman of DSOA, Dr. Jurgen Knorr, Chief Executive Officerof DSOA, and Raouf Halim, Chief Executive Officer of MindspeedTechnologies.
"The decision of Mindspeed Technologies to locate their engineering designcenter in Dubai further establishes Dubai as an excellent location forelectronics engineering companies who want to take advantage of our manyofferings," said Dr. Mohammed Al Zarouni, Vice Chairman of DSOA. "Access toa large untapped pool of regional IC design talent, including analog andmixed-signal designers, subsidized EDA tools, and R&D laboratory facilitiesare just a few of the reasons why leading silicon companies such asMindspeed are choosing Dubai for expanding their engineering operations.As DSOA expands and adds additional design and development centers andresources, we will continue to attract innovative and industry-leadingcompanies such as Mindspeed."
DSOA CEO Dr. Jurgen Knorr added, "We are very pleased to welcome MindspeedTechnologies to the growing list of innovative and well-respected globallyacting electronics companies that are locating design and developmentfacilities in Dubai. I feel that the Mindspeed-DSOA relationship willprovide many benefits to both organizations and, ultimately, to Mindspeed'scustomers as well."
Off-shoring design and development operations provides semiconductorcompanies with diverse engineering talent and cost advantages for theirdesign and development operations that they might not have available intheir home locations. With IC design facilities near a large pool ofregional engineering talent, companies can continue to providetechnological innovation for their customers, a necessary condition forproducts to meet increasing global demand for consumer electronics atcompetitive prices.
"We chose Dubai for our latest design center because it offers access toexcellent engineering talent in the Middle East and surrounding areas, aswell as the outstanding support capabilities of the DSOA and its proximityto our European customers," said Raouf Halim, Mindspeed's Chief ExecutiveOfficer. "The increased efficiency and cost effectiveness we expect fromthis facility will enable Mindspeed to maximize our engineering resources."
Mindspeed plans to employ hardware and software engineers in the DSOAengineering design center supporting the company's broad family ofcommunications products used in a variety of network infrastructureequipment. In addition to its facilities in the United States, Mindspeedoperates design centers in China, India and the Ukraine.
About Dubai
A commercial hub located in center of the Arabian Gulf, Dubai has beenidentified as one of the four global technology centers with an expected15% growth in IT spending. There are several Fortune 500 companiescurrently conducting business in Dubai. The combination of the booming oilmarket, tourism and investor-friendly climate coupled with its politicalstability and superior social infrastructure has led to robust economicgrowth and high quality of life.
About Dubai Silicon Oasis Authority (DSOA)
The DSOA is a legal entity in Dubai defined by the Dubai Government. DSOAis developing an 'industrial city,' a technology center for leadinginternational high-technology companies. The technology center comprises aDuty Free Zone, spanning over 7.2 million square meters, and is designed toinclude manufacturing, design, and development centers as well as livingand recreation areas, commercial shopping regions, guest houses, schools,healthcare services and other facilities.
Dubai offers access to multi-disciplined regional engineering talent andincentive packages that enable re-locating companies to reduce costs andaccelerate time-to-profit of their electronic products. Strategicallylocated in the Middle East region, DSOA works with leading technologypartners to form a vital link between US- and European-based companies withthose within the Middle and Far East. As an established Free Zone, DSOAoffers a highly competitive infrastructure and outstanding businessbenefits for high-technology companies. Our partner companies are focusedon enabling technologies that include microelectronics, photovoltaics andopto-electronics. Visit us at www.dso.ae.
About Mindspeed Technologies
Headquartered in Newport Beach, Calif., Mindspeed Technologies, Inc.designs, develops and sells semiconductor networking solutions forcommunications applications in enterprise, access, metropolitan and widearea networks. The company's three key product families includehigh-performance analog transmission and switching solutions; multiserviceaccess products designed to support VoIP and data services across wirelineand wireless networks; and WAN communications solutions including T/Ecarrier, network processing and traffic management devices. Mindspeed'sproducts are used in a wide variety of network infrastructure equipment,including voice and media gateways, high-speed routers, switches, accessmultiplexers, cross-connect systems, add-drop multiplexers and digital loopcarrier equipment. To learn more, visit www.mindspeed.com
Contact: Dr. Jihad KiwanDubai Silicon Oasis Authority, DubaiPhone: 202-7591Email: Email Contact
Contact: Zaheer HassanDubai Silicon Oasis U.S.APhone: 1-408-730-6834Email: Email Contact
Contact: Tom StitesMindspeed Technologies, Inc.Phone: 1-949-579-3650Email: Email Contact
SOURCE: Dubai Silicon Oasis Authority