Intel Investors - Here is the official Intel-Analog Devices Press release.
Straight from Intel's Web Site.
The new Austin Design Center will be the location for the joint design teams - probably under Mark McDermott (see press release BELOW the Intel-ADI press release. )
Paul
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intel.com
Analog Devices and Intel to Develop Digital
Signal Processing Technology
Intel and ADI Combine Engineering Resources to Develop New DSP Core Targeted for Embedded Communication and Computing Devices
SANTA CLARA, Calif., Feb. 3, 1999 -- Intel Corporation and Analog Devices, Inc. today announced a joint development agreement to design a digital signal processor (DSP) core architecture. The companies will
develop a fixed-point, low-power DSP core ideal for processing video, image, voice, and data in emerging embedded communication and computing devices.
"With the rapid convergence of digital communications and computing, Intel decided to invest in a dedicated DSP core that complements our existing embedded solutions," said Ron Smith, corporate vice president and general manager of Intel's Computing Enhancement Group. "We sought a collaborator to expedite achieving this goal, and with their expertise and experience in DSP technology, Analog Devices fits the bill."
"Intel is widely recognized as being the world's leader in microprocessor technology," said Jerald G. Fishman, president and CEO, Analog Devices. "We are delighted by this opportunity to collaborate with them. We believe
that combining Intel's experience in attracting developers with Analog Devices' record of delivering industry-leading DSP technology will deliver
the platform of choice in the DSP market. This development will influence the course of embedded computer, communications and computing devices for the next millennium."
Under terms of the agreement, Intel and Analog Devices will combine design engineering teams from both companies into a joint design group located primarily in Austin, Texas. The team will be dedicated to the
design of a DSP core, programmers' tools, and algorithms necessary to proliferate third-party development and OEM adoption in vertical and general-purpose markets. The joint design group will be formed
immediately, and the first core design is expected to be completed in the second half of 2000. The companies will collaborate on the core design
and separately market and sell products based on the design.
Digital signal processors are microprocessors optimized for math-intensive, real-time applications. They are used in a vast array of devices such as medical imaging, modems, industrial controls, pagers,
cellular phones, and audio and video equipment. These applications use general-purpose chips or customized chips that feature application-specific software and logic.
About Intel
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
About Analog Devices
Analog Devices is a leading supplier of digital signal processing solutions, including customized, mixed-signal DSPs, general-purpose DSPs, such as the SHARC® family, and embedded DSP solutions. Analog Devices'
DSP technology powers products from more than 10,000 customers worldwide, and is supported by more than 300 third-party development tools.
With fiscal 1998 sales of $1.23 billion, Analog Devices (NYSE: ADI) is a
leading manufacturer of precision high-performance integrated circuits used
in analog and digital signal processing applications. Headquartered in
Norwood, Mass., the company employs approximately 7,200 people
worldwide and has manufacturing facilities in Massachusetts, California,
North Carolina, Ireland, the Philippines and Taiwan.
*Third party marks and brands are property of their respective holders.
SHARC® is a registered trademark of Analog Devices, Inc.
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Thursday September 24, 8:01 am Eastern Time
Company Press Release
Intel Appoints Mark McDermott to Head Texas
Development Center
Former Senior Director of Design Technology At Motorola to Run New Austin-based Facility
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 24, 1998--Intel Corporation [Nasdaq:INTC - news] today
announced that it has named Mark McDermott to head Intel's newly founded Texas Development Center, which will
be located in Austin.
McDermott's responsibilities will include product development for future Intel(R) Architecture microprocessors. He
will report to Albert Yu, senior vice president of Intel's Microprocessor Products Group.
''Mark's addition will help build upon Intel's leadership position in developing future microprocessor products,'' Yu
said. ''We're very pleased to have him on board as we expand our worldwide development activities to include the
new Texas Development Center.''
Before joining Intel, McDermott worked as director of Motorola's Somerset Design Center, in the Network and
Computer Systems Group (NCSG), which serves as the location for all PowerPC(a) development for the
IBM/Motorola joint venture. During that time he helped found the company's Advanced Systems Technology Lab
(ASTL) where he served as director of ''System on a Chip'' Design Technology.
''Austin is home to substantial microprocessor development expertise and I'm excited to help drive Intel's expansion
into this growing region,'' McDermott said. ''The professional and academic talent pool in Texas should provide an
excellent foundation for future microprocessor innovation.''
McDermott holds a bachelor's degree in electrical engineering from the University of New Mexico and a masters
degree in electrical engineering from the University of Texas. He is a member of the IEEE, ACM, TSPE and NSPE.
Additionally, McDermott holds 15 patents and has been published in seven technical publications.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications
products. Additional information about Intel is available at www.intel.com/pressroom.
(a) Other brands or products are trademarks or registered trademarks of their respective holders.
Contact:
Intel
Adam Grossberg, 408/765-1669
adam.grossberg@intel.com
More Quotes and News:
Intel Corp (Nasdaq:INTC - news)
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