Wolfson to open India office
Wolfson Microelectronics is opening a new office in India as part its move to enter one of the world's fastest-growing markets.india Updated: Feb 23, 2006 11:19 IST
Edinburgh-based chip designer Wolfson Microelectronics is opening a new office in India as part its move to enter one of the world's fastest-growing markets for high-tech consumer goods.
Wolfson, which earlier this month reported a surge in annual profits, will open its office later this month in Bangalore. It has offices in the Far East as well as operations in the US and continental Europe.
Announcing the opening of the Bangalore office, the company's eighth office in Asia, chief technical officer Jim Reid said: "There is a fast-increasing level of both design activity and manufacturing in India, especially in the portable and consumer audio space.
"Our Bangalore office will allow us to provide technical information and 'design-in support' to potential customers in the area. The office will offer a platform from which Wolfson can develop relationships with key Indian customers."
He added that the new office would grow in line with the company's worldwide expansion programme. The Indian operation will be led by business development manager Anand Kumar.
Wolfson's recent full-year results showed pre-tax profits growing by 156 per cent to 21.7 million pounds, helped by strong demand for portable devices such as Apple's iPod music players and multimedia handsets, according to a report in the Evening News, Edinburgh.
The firm is considered one of the key players in the design and manufacturing of mixed-signal semiconductors - microchips that convert digital signals to analogue format, allowing users to see images and hear sounds.
Brand giants such as Apple, Sony and Microsoft feature on its client list, as do smaller specialist audio manufacturers such as Japanese firm Onkyo