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Tuesday, March 7, 2006
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ATI Buys Shanghai-based XGI Technology
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Acquisition increases company's presence in mainland China and adds further research and development capability
ATI Technologies officialy announced on Monday the acquisition of Shanghai-based Macrosynergy, an XGI Technology alliance company, as well as related personnel working out of XGI Technology's Santa Clara, California location. With the acquisition ATI immediately increases its presence in Shanghai, China, considered to be the epicenter of China's burgeoning technology market. At the same time the company acquires the research and design expertise of an organization best known for its multimedia add-in boards for personal computers.
"This transaction brings ATI two important elements - presence in a country that is emerging as the next big technology market, and a team of engineers that are highly skilled in our key product areas," said Dave Orton, president & CEO, ATI Technologies Inc. "The XGI and Macrosynergy people bring additional breadth of knowledge and experience to an ATI team that is leading the graphics processor market."
The acquisition will see approximately 100 Shanghai-based employees join ATI. An additional cadre of XGI employees in Santa Clara will relocate to ATI's Santa Clara location. |
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