Indian chip design firms acquiring for scale, R&D

Indian information technology companies, such as Wipro Ltd, Sasken Communication Technologies Ltd and MindTree Consulting Ltd, which offer chip-design services, are in an acquisitive mode to consolidate their position in the global market. In the last two years, these firms have together made five acquisitions totalling Rs502 crore, mainly to broaden their customer base and intellectual property (IP) assets.

Mint
http://www.livemint.com/2007/12/23234905/
Indian-chip-design-firms-acqui.htmll