Monday April 10, 9:16 am Eastern Time
Company Press Release
Galileo Technology Makes Equity Investment in MoSys
SAN JOSE, Calif.--(BUSINESS WIRE)--April 10, 2000--Galileo Technology (Nasdaq: GALT - news), the leader in switched Ethernet semiconductor solutions, today announced that it is making a minority equity investment in MoSys Inc. MoSys develops innovative memory technology for licensing to semiconductor and systems companies, as well as using its technology to produce its own memory products.
``Galileo's silicon experience with MoSys' 1T-SRAM(TM) memory integrated into our GalNet©-2+ products is proving the value of their technology,' commented Ed Rodriguez, Galileo's chief operating officer. ``MoSys' memory technology is an integral part of our product roadmap, and supports our mission to provide our customers with complete converged-network silicon solutions.'
``Galileo's investment in MoSys is evidence of its commitment to our technology and company,' said Dr. Fu-Chieh Hsu, MoSys' chairman and CEO. ``As a leader in communications chipset solutions, Galileo's adoption of our technology further demonstrates our technology's applicability to the communications market.'
Galileo Technology, a market leader in Communication Systems on Silicon(TM), is one of the semiconductor industry's fastest growing suppliers of complex, high-performance, integrated circuit devices. Galileo's products include advanced communication switch controllers, high-performance system controllers for RISC processors and WAN communication controllers. Galileo's products form the heart of many advanced data communications systems built by leading OEMs, such as 3Com, Accton, Alcatel, Cabletron Systems, Cisco Systems, Ericsson, Hewlett Packard, Intel, Lucent Technologies, and Nortel Networks.
Galileo employs more than 275 people worldwide with business headquarters in San Jose, California and R&D headquarters in Moshav Manof, Israel.
Note to Editors: Galileo Technology, GalNet, and the Galileo logo are registered trademarks of Galileo Technology. 1T-SRAM is a trademark of MoSys, Inc. Any other product names mentioned herein are the property of their respective owners. |
