Silicom Enters China: Receives $1.8M Order from Leading Chinese Server Company
biz.yahoo.com
Monday February 4, 7:23 am ET
KFAR SAVA, Israel--(BUSINESS WIRE)--Silicom Ltd. (NASDAQ:SILC)(TASE:SILC) today reported that it has received a $1.8 million order from one of China’s largest domestic server companies, representing its first significant penetration into the vast Chinese market. The order is for production quantities of Silicom’s advanced fiber multi-port Gigabit Ethernet adapters scheduled for delivery during the first quarter.
“We are excited to achieve this significant initial penetration of the strategic Chinese market,” commented Shaike Orbach, Silicom’s President and CEO. “China’s rapid growth represents a huge new opportunity for Silicom, especially the fact that its server usage is growing in step with the phenomenal development of its telecom, transportation, banking and other sectors. In fact, according to CCID Consulting, more than half a million x86 servers were sold in China in 2007, with additional strong growth projected for 2008.
“As such, this first order from a major Chinese server vendor is a significant milestone for us. Beyond its potential to generate repeat orders over time, this order demonstrates our ability to achieve significant sales in China, paving the way for success with the market’s many additional vendors. As such, we believe the Chinese server market could become a strong new driver of our long-term growth.” |
