BANGALORE, India--(BUSINESS WIRE)--Sept. 9, 2004
-- Wipro Technologies, the global IT services division of Wipro Limited (NYSE: WIT), has licensed the 1394 AVLink IP Cores and 1394 Software Stack to MediaTek Inc, Taiwan. These IP cores provide the Firewire(TM) interface on Mediatek's DVD recorder chip. MediaTek, a fabless IC company in Taiwan with a strong focus on R&D, is recognized as the world leader in the digital media IC industry.
"This IP licensing agreement gives further proof of the leadership status of Wipro's IEEE 1394 IP program. Taiwan is becoming the hotbed of high-technology R&D and a critical market for leading technology providers such as Wipro," said Ramesh Emani - President of the Embedded and Product Engineering Solutions vertical, Wipro Technologies. "Our association with MediaTek, the worldwide leader in digital media integrated chipset solutions, gives us a strong foothold in this increasingly important geography," he added.
"We have commenced production of our chip which incorporates Wipro's IEEE 1394 IPs," said MediaTek. "Wipro's high quality, silicon proven solution and their years of experience in the IEEE 1394 market, gave us the confidence to work with them. We are sure that this chip will help us reinforce our leadership position in the consumer electronics market." added MediaTek.
"We have licensed our IEEE 1394 solution to leaders in the consumer electronics, PC and PC peripherals market over the last eight years. Wipro is in a unique position to offer robust solutions for specific devices like DTV's DVD Players, STB's and camcorders" said Mr.Emani
Wipro is a leader in the semiconductor IP space, with IP solutions for both wireless as well as wired connectivity. Wipro offers IPs compliant with IEEE 1394 (a&b), 802.11 (a, b & g), USB and Ethernet. This suite of IPs is well complemented by a diverse set of embedded and product engineering service teams worldwide.
Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange, among others.
For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com.
MediaTek Inc. is a leading provider of total solutions for optical storage, digital consumer and wireless semiconductor. Founded in 1997 and headquartered at Hsin-Chu Science Park, Taiwan, MediaTek is now one of the world's top 10 IC fabless companies and the world's largest chipset suppliers of CD-ROM, DVD-ROM, CD-RW, Combi, DVD-Rewritable and DVD players. The Company's common stock is traded on the Taiwan Stock Exchange under the code "2454".
For more information, please visit the Company's web site at www.mtk.com.tw.
Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
For further information, please visit our websites at www.wipro.com , www.wiprocorporate.com & www.wipro.co.in