Movidius sets up shop in Shanghai
16 September 2015 | 0
Irish chip-maker Movidius is to open an office in Shanghai this month. The expansion will support the increasing demand for machine Vision capabilities in connected devices such as smart phones, drones and new IoT product categories.
Movidius has offices in Dublin, where it was founded, Silicon Valley and Romania.
Over the past 12 months Movidius has signed new contracts with Chinese original device manufacturers (ODMs), and received a significant investment from Chinese camera giant, the Sunny Optical Technology Group. This activity has made China one of the fastest growing markets for machine vision-enabled consumer devices.
Movidius CEO Remi El-Ouazzane said: “We’re seeing China shift increasingly from a centre of manufacturing to a knowledge leader in technology innovation. Opening a dedicated Asian-region office in Shanghai is necessary to service our existing clients in the region and take advantage of the increasing interest in the Myriad 2 vision platform.”
The move follows the announcement in April by Movidius of the creation of up to 100 jobs in Ireland after a $40 million funding round.