Monday, March 8, 2010

Tilera Receives Investment From Broadcom

SAN JOSE, Calif., March 8, 2010 - Tilera® Corporation, developer of extremely high performance multicore processors, today announced that Broadcom Corporation (NASDAQ: BRCM) has made a strategic investment in Tilera, and that Tilera has appointed Nariman Yousefi, Senior Vice President of Infrastructure Technologies at Broadcom, to the Tilera Board of Directors.

“We are very pleased to have added Broadcom as a strategic investor,” said Omid Tahernia, Tilera CEO. “Broadcom is a natural partner for Tilera given their leadership position in providing complete system solutions to a common set of end customers, including in the networking, multimedia, and wireless infrastructure end markets.”

“Tilera’s multicore processors are redefining the category,” said Rajiv Ramaswami, Executive Vice President & General Manager, Broadcom Enterprise Networking Group. “Tilera offers an innovative multiprocessor approach for scalable performance and breakthrough power efficiency.”