PMC-Sierra: Difference between revisions
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In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products. In 1997, the Company changed its name to PMC-Sierra to reflect the corporate focus on internetworking semiconductor solutions. |
In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products. In 1997, the Company changed its name to PMC-Sierra to reflect the corporate focus on internetworking semiconductor solutions. |
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[[Image:PMC_Sierra_-_pano-sm.jpg|thumb|180px|Burnaby, Canada PMC-Sierra Building]] |
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==Corporate Restructurings== |
==Corporate Restructurings== |
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Revision as of 01:07, 26 July 2009
- For the former computer game manufacturer see Sierra Entertainment. For the wireless equipment maker see Sierra Wireless.
| Industry | fabless semiconductor company |
|---|---|
| Founded | 1984 |
| Headquarters | , |
Key people | CEO, and President: Greg Lang Chairman: Robert L. "Bob" Bailey |
| Website |
PMC-Sierra Nasdaq: PMCS is a fabless semiconductor company which develops and sells devices into the communications, storage, printing, and embedded computing marketplaces.
Corporate history
Sierra Semiconductor was originally founded in 1984 in San Jose, California, and went public in 1991. It received funding on 1/11/1984 from Sequoia Capital.
Pacific Microelectronics Centre (Burnaby, British Columbia, Canada) was spun off from Microtel Pacific Research (the research arm of BC TEL at the time) to develop ATM and later SONET 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 currently a part of Verizon.
In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products. In 1997, the Company changed its name to PMC-Sierra to reflect the corporate focus on internetworking semiconductor solutions.
Corporate Restructurings
The company has experienced multiple restructurings to meet the current demands on the market.
| Date | Sites Affected | Groups Affected | Number of Employees Terminated | |
|---|---|---|---|---|
| August 1996 | San Jose, CA | Sierra PC Modem team | 150 people [1] | |
| June 1997 | San Jose, CA | PMC Sierra overtook its parent, Sierra Semiductor and shutdown most of Sierra's operations. | Unknown [2] | |
| 2001 | Burnaby, British Columbia; Santa Clara, CA; Kanata, Ontario | Internet Routing Division shutdown - the Abrizio, Extreme, Malleable and SwitchOn teams | 350 people or 24% of total workforce. [3] [4] | |
| January 2003 | All sites affected. | majority of IgT; Toucan and Octera groups | 176 people [5] | |
| June 2005 | Santa Clara, CA | full-custom design team of Microprocessor Products Division - the QED team | 89 people [6] | |
| January 2006 | Santa Clara, CA; Portland OR | ASIC design teams of Microprocessor Products Division, remaining IgT team | 30 people | |
| August 2006 | Ottawa, Ontario - shut down | various | 30 to 40 people [7] | |
| March 2007 | Winnipeg, Manitoba; Saskatoon, Saskatchewan - both shut down; Bangalore, India | Hypercore team, Winnipeg validation team, Montreal digital design team, Banglore SSG group | 175 people [8] | |
| December 2007 | Burnaby, others | CPE team, Burnaby operations, others | 18 people [9] |
External links
- PMC-Sierra Corporate Website
- Profile of Sierra Semiconductor p307
- 8/31/1996 NY Times aricle about Sierra
References
- ^ http://www.nytimes.com/1996/08/31/business/sierra-semiconductor-expects-to-cut-150-employees.html SIERRA SEMICONDUCTOR EXPECTS TO CUT 150 EMPLOYEES. Retrieved on 2009-03-29
- ^ http://findarticles.com/p/articles/mi_m0EKF/is_n2172_v43/ai_19530977/ Former Sierra Semi completes restructuring. Retrieved on 2009-03-29
- ^ http://www.edn.com/article/CA184683.html PMC Maximizes Acquisitions: Brownridge details restructuring. Retrieved on 2009-03-29
- ^ http://www.marketwatch.com/news/story/pmc-sierra-lay-off-350/story.aspx?guid=%7B38F50E04-D5BF-4019-B3E9-5C533945C62D%7D PMC-Sierra to lay off 350. Retrieved on 2009-03-29
- ^ http://www.edn.com/article/CA271159.html PMC-Sierra Lays Off 176. Retrieved on 2009-03-29
- ^ http://www.allbusiness.com/company-activities-management/financial-performance/6244647-1.html PMC-Sierra Cuts 89 Jobs. Electronic News. July 4, 2005. Retrieved on 2009-03-29
- ^ http://www.edn.com/article/CA6367465.html More Layoffs at PMC-Sierra. Electronic News, 8/31/2006. Retrieved on 2009-03-29
- ^ http://www.edn.com/article/CA271159.html PMC-Sierra closes R&D centers, cuts 175 jobs. Electronic News 3/30/2007. Retrieved on 2009-03-29
- ^ 10-K SEC Filing by PMC Sierra on 02/26/09. Retrieved on 2009-03-29