Acer Foundation is a non-profit organization backed by Acer Inc., a worldwide top 10 PC vendor. The mission of the foundation is to assist industries in building up each of their core competencies. Cadence (NYSE: CDN) is the world's largest supplier of electronic design technologies and services. Both companies share the common vision of cultivating Taiwanese talents in analog and mixed-signal circuit design. Cadence will provide experienced trainers to conduct classes, and field application engineers to assist the students, as well as provide teaching materials.
"The Asia Pacific and Greater China economies are steadily growing, and will play increasingly important global roles," said Ray Bingham, president and CEO, Cadence Design Systems. "Cadence has contributed significantly since 1988 to the Taiwan design community to help enhance the quality and quantity of design talents and we will continue to invest in this region."
Stan Shih, chairman and CEO, Acer Inc. said, "Acer has always played a principal role in the advancement of IT -- not just in Taiwan, but throughout Asia Pacific. On the other hand, Taiwan has always occupied the leading position in IC designs worldwide, but also needs to strengthen its knowledge in the analog field. Our cooperation with Cadence will play an essential part toward realizing this need. Our investment will reap high returns to the IT industry once the talents put their newly acquired knowledge and skills to practice."
Home to numerous outstanding IC enterprises, Taiwan understands that the value inherent in IC designs is changing rapidly. Formerly, chipset capacity determined value. Today, the value lies in system specification. And, as these systems become smaller, they demand more sophisticated analog and mixed-signal designs.
"Investing in Taiwan's analog IC design talents is an important step for Cadence," said Matthew C. Chan, president, Cadence Design Systems, Asia Pacific. "We expect excellent yields from training the talents who can then make contributions back to the IT industry."
Shih added, "Educating and learning about the analog and mixed-signal circuit designs are the toughest challenges experienced by the IC design industry here in Taiwan. With the golden opportunity to cooperate with a top company like Cadence, Acer will be the first in Taiwan to actively promote this learning, continuing our commitment to play the major role in transforming Taiwan into a renowned center for the creation of IT products."
Classes will begin in January 2003, with the capacity to take 30 students for each three-month term. Acer and Cadence aim to train at least 100 students annually. In the first quarter of 2003, a second set of classes focusing on system level design will begin, also aiming to train 100 students annually. Acer and Cadence have initially signed a five-year agreement.
About Acer Foundation
The Acer Foundation is a non-profit organization formed to assist the industry in building core competencies to ensure success in today's competitive world markets. Taking reference from Acer's experiences, core competencies of companies in developing countries should center on high-tech management and effective globalization efforts. Therefore, Acer Foundation's major orientation aims to provide assistance in these two areas to such companies. Acer Foundation was officially registered in Taiwan in July 1996. Major financial support comes from the Acer Group companies. Objectives of the Foundation are threefold: first, to transfer valuable experience through the collection and dissemination of successful case studies regarding technological development and business management; second, to improve global competitiveness by providing training, services and consultation in technology development and business management; and third, to magnify the benefits resulting from the first two objectives by publishing articles, and/or by sponsoring various awards, seminars, special programs, and events in universities and research institutions.
The foundation's scope of work includes consulting and initiating the development of the Aspire Academy to help managers of multinational Asian firms improve their organizational and leadership skills, digital arts to promote computer technology as a new medium of art, and Dragon Thesis Awards to promote industry-applicable research among the academics. Most recent works are the setting up of the Aspire IC Design and Digital Creation institutes. More information about the Foundation is available at www.acer.org.
About Aspire Research Complex
The excellent living and learning environment of the Aspire Research Complex is expected to attract global talents and companies with significant knowledge capitals, to become a world-renowned International Center of Innovation for a Better Quality of Life. Established by Acer Inc. and located in the beautiful Aspire Park, in Taiwan, the complex is an international innovation base in an intelligent community for worldwide partners and customers. Through a variety of partnerships and training courses, the complex is dedicated to those infrastructures valuable to the development of the knowledge-based economy.
Established in 1976, Acer is among the world's top ten branded PC vendors. Acer employs marketing and service operations across Asia-Pacific, Europe, the Middle East, and the Americas, supporting dealers and distributors in over 100 nations. In addition to offering a broad spectrum of IT services, Acer is also a leading innovator of e-business, providing MegaMicro e-enabling solutions that combine IT products with a range of Micro services delivered via Acer's Mega infrastructure. For more information about Acer, please visit our website at www.acer.com.
Cadence is the world's largest supplier of electronic design technologies and services. Leading computer, networking, wireless, and consumer electronics companies use the company's solutions to design electronic systems and semiconductors down to nanometer scale. IEEE, the world's largest technical professional society, honored Cadence with its 2002 Corporate Innovation Recognition award. With approximately 5,600 employees and 2001 revenues of approximately $1.4 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN. More information about the company and its products and services is available at www.cadence.com.
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