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Our Bureau

Pune June 7 Investment, increase in headcount and setting up of development centres comprise the roadmap chalked out by the Santa Clara-headquartered NetXen Inc, manufacturer of the 10-Gigabit ethernet networking chips.

Mr Govind Kizhepat, Founder and Chief Executive Officer, told newspersons that the company would focus on its Pune development centre, which was founded in 2002 and develops software and hardware for the chips. The second development centre in the US caters to chip development.

He said the company would invest about $5 million in the Pune centre over the next couple of years. The investment so far, he said, was about $1.5 million dollars and the company was setting up a testing lab in Pune with a headcount of about 35. Mr Govind said the Pune centre would also play a major role in the development of second-generation chips and the associated software and hardware.

It would also develop new products. Currently it makes five products targeting different servers such as rack servers, tower servers and so on. Mr Govind said the company plans another development centre, mostly in China or Taiwan. This chip design centre would have about 25 employees and was likely to begin operations next year. The company also hopes to go public next year after it achieves revenue of $30-50 million.

The company is privately held and backed by venture capital funds, Accel Partners, Benchmark Capital and Integral Capital Partners, which together have pooled in $65 million in the past four years.

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