PMC-Sierra is an American fabless semiconductor company which develops and sells devices into the communications, storage, printing, and embedded computing marketplaces. Sierra Semiconductor was originally founded in 1984 in San Jose, California by James Diller. It received funding on January 11, 1984 from Sequoia Capital, and went public in 1991. Pacific Microelectronics Centre in Burnaby, British Columbia, Canada, was spun off from Microtel Pacific Research (the research arm of BC TEL at the time) to develop Asynchronous Transfer Mode (ATM) and later SONET integrated circuits (chips). With investment from Sierra Semiconductor, PMC was established in 1992 as a private company focused on providing networking semiconductors, and became a wholly owned, independently operated subsidiary of Sierra Semiconductor in 1994. Microtel is a part of Verizon Communications.
PMC-Sierra provides broadband communications and storage semiconductors for metro, access, fiber to the home, wireless infrastructure, enterprise and channel storage, laser printers and customer premises equipment. PMC has more than 250 different semiconductor devices that are sold to equipment manufacturers, who in turn supply their equipment to communications network service providers and enterprises. As a fabless semiconductor company, PMC-Sierra designs and tests products, but outsources wafer fabrication and assembly functions to third party suppliers.
PMC-Sierra's customers include HP, EMC Corporation, Huawei, Cisco, Alcatel-Lucent, Fujitsu, Hitachi, Mitsubishi, ZTE and Juniper. The company competes against semiconductor companies that focus on the communications and storage semiconductor business. These companies include Agere Systems, Applied Micro Circuits Corporation, Broadcom, Exar Corporation, Conexant Systems, LSI Corporation, Marvell Technology Group, Mindspeed, Transwitch and Vitesse Semiconductor. Other competitors include major semiconductor companies, such as Agilent, Freescale, Intel, IBM, Infineon, Motorola, NEC, Texas Instruments, and Toshiba.
Source: Wikipedia.
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