Sankalp Semiconductor is a Finalist for the 2010 Red Herring 100 Asia Award

Sankalp Semiconductor is a Finalist for the 2010 Red Herring 100 Asia Award

Hubli, India – October 25, 2010 – Sankalp Semiconductor announced today it has been selected as a Finalist for Red Herring's top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asia business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Sankalp Semiconductor shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Winners of the Top 100 Asia Award.

Finalists for the award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the mobile, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring Asia forum in Shanghai, November 15-16, 2010. The Top 100 winners will be announced at a special awards ceremony on November 16 at the event.

About Sankalp Semiconductor

Sankalp Semiconductor is an AMS semiconductor service provider that provides services to some of the largest semiconductor companies in the world. Sankalp was founded in 2005 by a team of industry experts. Sankalp’s mission is to create a world-class technology hub of mixed-signal semiconductor services and solutions . There are three key aspects by which the mission is being accomplished. First, work from second tier cities of India, which provides a balanced life-work environment allowing energy to be spent on deep technical issues. Second, attract proven technical leaders with entrepreneurial zeal to join Sankalp as partners, giving them complete freedom to define their own destiny. Third, work closely with some of the topmost colleges in the country by being physically close to the college campus – this takes care of scalability and forward looking ecosystem creation across diverse job domains. In recent years Sankalp has strengthened its position in the industry and employs 120 Sankalpites at multiple sites.