ATI today announced 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.
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.
Currently, demand for computer hardware in China is setting a pace to achieve a 5% CAGR over the next five year period with spending on IT hardware hitting $20.3 billion in 2006, surpassing $23 billion in 2009.
“From a worldwide perspective, China will continue to be the dominant manufacturing base as well as a major market for both computers and mobile handsets,” said Oliver Xu, principal Shanghai-based analyst with Gartner Inc.’s Semiconductor Group. “Therefore the acquisition is important for ATI’s further success in China and will enhance the company’s performance in the global market.”No tag for this post.