Vitesse Semiconductor Corporation (NASDAQ: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networks, announced the opening of its new Shanghai office, located at Room 3308, Tower B, No. 100 Zun Yi Road. With the opening, Vitesse gains capacity to grow its operational footprint in the region as market traction for its products continues to accelerate.
According to a recent report by information and analytics firm IHS iSuppli, carrier capex investments in 4G wireless network infrastructure have increased 132% in 2012 alone and should comprise the bulk of carrier spending starting in 2013. This is especially evident in China, as carriers invest in network upgrades to support next-generation 4G LTE and LTE-Advanced deployments. Earlier this year, GSMA forecasted China to have 639 million mobile broadband connections within the next four years, making it the largest mobile broadband market globally by 2016.
“We are excited by this opportunity to more closely support our customers in China,” said Phil Richards, vice president of sales at Vitesse. “We’re seeing strong acceptance of our unique IEEE1588v2 network timing technology, VeriTime™, as the carriers upgrade their wireless networks. This move enables Vitesse to grow accordingly as we expand our serviceable market in this region.”About Vitesse Vitesse (NASDAQ: VTSS) designs a diverse portfolio of high-performance semiconductor solutions for Carrier and Enterprise networks worldwide. Vitesse products enable the fastest-growing network infrastructure markets including Mobile Access/IP Edge, Cloud Computing and SMB/SME Enterprise Networking. Visit www.vitesse.com or follow us on Twitter @VitesseSemi. Vitesse is a registered trademark and VeriTime is a trademark of Vitesse Semiconductor Corporation in the United States and other jurisdictions. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV