Applied Micro Circuits Corporation
) recently announced the opening of its new design center in
The company had earlier opened a design center in Pune. The new
center in Bangalore is expected to provide advanced design and
development of AppliedMicro's computing and connectivity solutions,
thereby offering significant value to its technology technological
The aim behind the new design center is to empower the company
to meet the rapidly brewing demand for "Just-Right" compute and
connectivity products. These products are designed for enterprise
and cloud data centers through the development of new products.
These new products are expected to reduce energy and total cost
of ownership of data center infrastructure in a significant
Applied Micro continues to design innovative products in the
cloud computing space. The company expects to deliver the latest
technologically advanced products provided by both the Bangalore
and Pune centers.
The design center Bangalore, the technology hub of India, is
expected to draw the best talent in the industry and boost the
company's progress in cloud computing. The design center is
expected to facialiate the company's strategy in the development of
its flagship product, "X-Gene," which is a processor required for
next-generation cloud computing, wireless infrastructure,
enterprise networking, and storage and security applications.
The center is also expected to accelerate the development of
AppliedMicro's next generation Optical Transport Network (OTN) and
physical layer (PHY) products.
Besides, AppliedMicro has design centers in North America,
Denmark and Vietnam, apart from Bangalore and Pune in India.
The company continues to struggle amidst a weak
microenvironment. We continue to maintain an Underperform
recommendation on Applied Micro. However, in the short run, we have
a Zacks #4 Rank on the stock, which translates into a short-term
rating of Sell.
APPLD MICRO CIR (AMCC): Free Stock Analysis
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