Philips Semiconductors, a chip maker affiliate of Royal Philips Electronics NV, has announced the formation of a new business unit aimed at tapping the rapidly growing networking market.
From its worldwide headquarters in San Jose, California, the new networking business line will focus on developing semiconductor products for high-growth networking markets, including home networking, broadband Internet access, VPNs (virtual private networks) and fiber optics, Philips Semiconductors said in a statement.
Combining the company's existing interconnectivity and network product lines, the new unit will have a broad range of both wired and wireless products and technologies, enabling it to develop complete so-called system-on-a-chip devices, the company said.
Phil Pollok, who since 1998 has run Philips Semiconductors' interconnectivity business line, has been appointed vice president and general manager of the new networking business line.
In January, Philips Semiconductors also set up a new unit aimed at carving out a niche in the VPN market.