Semiconductor company eRide has opened a development center here with two employees. By the end of the year, the San Francisco-based company is expected to expand to 12 employees.
In Munich, the company wants, among other things, to develop dual mode chips for the combined use of the European SatNav project Galileo and the American GPS system.
Jens Bodenkamp , managing director of eRide Europe, said Munich offer an excellent location for the newly developed subsidiary.
“The innovative automobile industry, the strong mobile telecommunications sector and the European Galileo project provide great market potential,” he said.
Bodenkamp is putting the team together for the development of the dual mode chip. Additional jobs are to be generated in sales and marketing, as well as in services for European operators of wireless networks.
Erwin Huber, minister of Economic Affairs for Bavaria, sees this investment as a signal for the international SatNav application sector.
“The fact that eRide, as a technology leader from the center of the American Satellite navigation industry, is investing in Bavaria, indicates the significance of our location for the Galileo project,” he said. “The investment simultaneously confirms and boosts the cluster initiative of the Bavarian state government. Only an enforced networking between companies, research institutions and governmental offices can generate a climate that enhances growth and innovation.”
Go to INTERNATIONAL SPOTLIGHTS to read more about other news and articles about international expansions.
Go to INDUSTRY SPOTLIGHTS to read more about other news and articles about this industry sector.
Means the article is accessible only to our magazine subscribers.
