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ISA WINWire July 15 - 22 2011


Maxim pays $130 million for MEMS firm

Source: Peter Clarke, EETimes, July 18 2011

Maxim Integrated Products Inc. has said it has acquired fabless MEMS firm SensorDynamics AG for $130 million. With the acquisition of the company Maxim takes on about $34 million of debt. SensorDynamics (Lebring, Austria) was founded in 2002 and has developed proprietary sensor and MEMS integrated circuits. It has performed R&D in the area of low-power wireless interfaces to MEMS sensors and is best known for in inertial MEMS sensors and automotive smart-key chips. The company is also present in the energy harvesting market.

Government to invite bids for Rs 3,000-cr solar power projects in August

Source: The Economic Times, July 19 2011

The government will invite bids for 3,000-crore solar power projects with a capacity of 300 mw under the National Solar Mission in the first week of August, a top government official said. "There was a meeting with the solar power developers on July 8. Based on the meeting, the Ministry of New and Renewable Energy is looking to tweak some guidelines for the second round of bidding likely to take place in the first week of August," said Anil Agrawal, Chief Executive Officer, NTPC Vidyut Vyapar Nigam, the nodal agency for conducting the selection process for the first stage of Jawaharlal Nehru National Solar Mission (JNNSM). The projects would be awarded by the end of this year and the power purchase agreements would be signed in January 2012. innovations in this sector more difficult than ever.

US to invest $820 mn in India's energy sector

Source: iGovernment, July 19 2011

The US government's Overseas Private Investment Corporation (OPIC) intends to infuse US $820 million for renewable energy sector projects in India in the current calendar year. "We hope to generate US $820 million in this calendar year to contribute to the growth of the renewable energy sector in India," OPIC President and Chief Executive Elizabeth Littlefield said at an industry event here. According to Littlefield, a major chunk of about US $520 million of the expected investment would come from American companies which would invest in renewable energy sector, while the remaining US $300 million will come from private equity investments, reports IANS. Littlefield further said that her agency has doubled the clean energy project portfolio in India in a single year and this now stands at 2,200 MW.

Fulcrum buy could signal shift for Intel

Source: Dylan McGrath, EETimes, July 19 2011

Intel's agreement to acquire Fulcrum Microsystems Inc. for an undisclosed sum could signal a significant change of direction for the world's biggest chip maker toward providing a comprehensive high-performance, low power solution for data centers. Fulcrum (Calabasas, Calif.), a privately held, fabless company, produces high bandwidth network switching chips based on an asynchronous switching fabric for data center network providers. The acquisition of Fulcrum could give Intel a head start on an end-to-end solution for data centers. "Intel is transforming from a leading server technology company to a comprehensive data center provider that offers computing, storage and networking building blocks," said Kirk Skaugen, Intel vice president and general manager of the company's Data Center Group, in a statement.

Why Silicon Valley can be bad for emerging market startups

Source: Keet Van Zyl, memeburn, July 19 2011

Launching a startup anywhere in the world is challenging, but launching one in an emerging market territory where there is often limited access to funding and a fragmented entrepreneurial ecosystem it is so much harder. One sure way to fail is to try and duplicate first world solutions for emerging market problems without tweaking them for the unique local conditions. The Silicon Valley story [2] is inspirational. Its ability to launch globally competitive, world-changing internet startups is unsurpassed. It continues to be the leading hub for high-tech innovation and development and accounts for one-third of all of the venture capital investment in the United States. And yes – world-changing startups can launch from emerging markets as we are well aware of the much-publicised handful of success stories in our own countries.

Microsemi offers $549 million to buy Zarlink

Source: Peter Clarke, EETimes, July 20 2011

Analog and mixed signal chip company Microsemi Corp. has announced that it has made a third offer to acquire Canadian mixed-signal chip company Zarlink Semiconductor Inc., this time worth $548.7 million. Microsemi (Irvine, Calif.) said two previous offers were rejected by Zarlink (Ottawa, Ontario). The latest cash offer of C$3.35 per share is worth $548.7 million based on a fully diluted share count and represents a 40 percent premium to Zarlink's share price as of July 19, 2011, and a 43 percent premium to Zarlink's trailing 30 day average share price, Microsemi said. Microsemi said it has sent a letter to Zarlink;s board of directors setting out its latest proposal, after several earlier attempts to engage in discussions. Zarlink had rejected previous written proposals of C$3.25 and C$3.55 per share.

Asia will lead the future in mobile revolution, including innovation

Source: T.E. Raja Simhan, The Hindu Business Line, July 20 2011

All of the newest ideas in futrue will land on the mobile platform, and Asia will lead the future in mobile revolution, including innovation, according to Mr Eric Schmidt, Executive Chairman, Google. Nearly five per cent of doctors in India already consider phones essential to their work, he said referring to mobile revolution that is taking place. “Mobile is on fire. The connected technologies such as phones and tablets are the new story,” he said in his keynote address at Google's Mobile Revolution press meet. Google brought this correspondent to Tokyo for this event.

New semiconductor policy to be announced soon spelling out terms for high-tech manufacturing

Source: Shelley Singh, The Economic Times, July 21 2011

Two failed attempts and more than a decade later, the government is now readying a third attempt to lure semiconductor manufacturing firms to India. Officials in the information technology ministry say a new semiconductor policy will be announced shortly spelling out the terms for high-tech manufacturing including chips and components like memory controllers, hard drives and motherboards. Last month, the department of information technology called for 'expression of interest' from global and Indian companies for setting up semiconductor manufacturing units - also called 'fabs'. The government is hopeful of at least two such fabs coming up. Each fabrication facility costs $4 billion to $ 6 billion.

SMEs to be exempt from capital gains tax

Source:, July 21 2011

A proposal to exempt small and medium enterprises (SMEs) from capital gains tax has received in principle approval from the Finance Ministry. "One of the key proposals in the National Manufacturing Policy to improve access to finance for SMEs was the exemption from capital gains for investment in an enterprise as is done in the case of investment in residential property," Department of Industrial Policy and Promotion (DIPP) Secretary RP Singh said at a meeting on the policy. "The in principle nod to the proposal by the Revenue Department would go a long way in enabling a large number of entrepreneurs to raise equity by selling ancestral properties and raise their level of investments and thereby boost employment," he added. The policy aims at reducing the intrusion of government departments in the affairs of business, reports IANS.

Silicon Valley: Will it ever be replicated?

Source: Garreth Bloor, memeburn, July 21 2011

Silicon Valley is the world’s success story in an unprecedented age of technological advancement – not to mention the rapid wealth that has come with it. But is Silicon Valley a success that can be replicated, even partially? Memeburn has checked out the state of similar concepts around emerging markets. This is what we found across four of them.
Bangalore enjoys the nickname “Silicon Valley of India [2]”. Besides some who miss the point and criticise the city for not being truly a valley, the defining aspects of the area when it comes to technology are present.

Compiled by ISA Research

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