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Pmc-sierraPMC-Sierra was originally founded in 1984 as Sierra Semiconductor (San Jose, California, USA). The company was a manufacturer of personal computer modems during this period. Pacific Microelectronics Centre (Burnaby, British Columbia, Canada) was spun off from Microtel Pacific Research (the research arm of BC TEL at the time) to develop ATM and later SONET chips. With investment from Sierra Semiconductor, PMC was established in 1992 as a private company focused on providing networking semiconductors, and became a wholly owned, independently-operated subsidiary of Sierra Semiconductor in 1994. Microtel is currently a part of Verizon. In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products. In 1997, the Company changed its name to PMC-Sierra to reflect the corporate focus on internetworking semiconductor solutions. Over the years, PMC has acquired several smaller companies to enter new market segments. These acquisitions include BIT (ethernet), IgT (ATM), Abrizio (Switches), Toucan (DSP), AANetcom (Serdes), Extreme Packet Devices (Traffic Management), Malleable (VOIP), Datum (DSP for wireless), QED (microprocessors), SwitchOn (packet classification). As of 2004, the company sells telecommunication, storage and embedded microprocessor silicon solutions. The company shares are publicly traded on Nasdaq with the symbol PMCS. External links
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