Moschip Technologies Ltd

Moschip Technologies Ltd

Moschip Semiconductor Technology is a Hyderabad based company set up in July 1999 with the objective of providing Application Specific Integrated Circuits (ASICs). The Company was promoted by K Ramachandra Reddy C Dayakar Reddy and Vinay D Kumar.The Company specializes in Integrated Circuits (IC) design manufacturing and marketing with particular focus on data communication ICs. The Company proposes to develop System Software for enabling the complete functionality of the ICs. Moschip focusses mainly on product design and development utilizing standard cell approach portable to multi foundries for processing. Moschip supplies high quality cost effective reliable product solutions to its customers.A new design center at Noida has commenced its commercial operations on 1st July2001.Netmos Technology Inc has now become a 100% subsidiary of Moschip Semiconductor Technology Ltd.The total Equity Share Capital of the Company as at 31st March 2001 is Rs.10.50 crores consisting of 10500000 Equity Shares of Rs.10/- each. Subsequent to thisthe name of the company was changed to MosChip Semiconductor Technology USA.During 2002-03 the company made a preferential allotment of 3160000 equity shares and 1236000 equity shares of Rs.10 each and at a premium of Rs.20 and Rs.23 per share. Subsequent to this the paid up capital has been increased to 23221770 shares. The company is planning to amalgamted the California based ASIC design company viz Verasity Technologies Inc USA.The same has been approved by the shareholders and the petition has been filed in the High Court of Andhra Pradesh.