SOURCE: Andes Technology Corporation

Andes Technology Corporation

May 03, 2016 11:00 ET

Andes Technology Corporation Listed in the Deloitte 2015 Technology Fast 500™ Annual Ranking Of Asia's 500 Fastest-Growing Tech Companies

Andes Achieved Deloitte's Rapid Revenue Growth Criteria Growing 124 Percent From 2011 to 2013

HSINCHU, TAIWAN--(Marketwired - May 03, 2016) - Andes Technology Corporation, the leading Asia-based suppliers of small, low-power, high performance 32-bit embedded CPU cores, today announced that Deloitte Touche Tohmatsu Ltd. (DTTL) listed Andes Technology in its 2015 Technology Fast 500 annual ranking of Asia's 500 fastest-growing tech companies. Achieving a 124 percent growth over the period 2011 to 2013, Andes met the rapid revenue growth rate criteria of this award program.

"We are extremely proud to have made the Deloitte 2015 Technology Fast 500 list for 2015," said Frankwell Jyh-Ming Lin, President of Andes Technology Corporation. "Andes began as a start-up in Hsinchu Science Park, Taiwan with funding from local venture capitalists. Ming-Kai Tsai, Chairman of Andes, has been a guiding force in the success and growth of the company. He is also Chairman and CEO of MediaTek, Inc., the biggest Taiwan fabless semiconductor company. Our initial success was in Taiwan, but we quickly expanded our customer base into China, now second only to Taiwan in new customers, followed by Korea and Japan. With the recent formation of our U.S. operation based in San Jose, California we are now expanding with design wins into the U.S. market."

"With just over 100 employees in the company, 80 percent of which are engineers, Andes has created a unique CPU core architecture and wide range of CPU products, peripherals and software tools," said Dr. Charlie Hong-Men Su, Andes CTO and Senior Vice President of R&D. "Together, these have attracted over 100 customers who cumulatively have shipped over 1.5 billion chips containing our IP and contributed to our rapid growth. Our 3rd party ecosystem, Knect.me, has gained international support as has our customer base. This award is particularly timely as it occurs the same year we received the TSMC 2015 Partner of the Year award in the New IP category."

"The Technology Fast 500 Asia Pacific program has become a barometer for company growth," said Ichiro Nakayama, DTTL Leader Technology Fast 500 Asia Pacific. Among the top 500 companies in the 2015 ranking, the biggest increase was seen by companies with revenues between US$10-$50 million, with 154 companies in 2015 compared to 108 in 2014. Andes was among this group. "The ranking data tends to reveal a great deal on the industry sectors and gives insight to the latest technologies which are shaping the future," Nakayama added. "By identifying these trends, we can begin to speculate on the impact of these changes to the regions and markets."

About Deloitte's Technology Fast 500

The Deloitte Technology Fast 500 is the pre-eminent technology awards program in Asia Pacific, and now in its fourteenth year, it includes eight Asia Pacific locations: Australia; China (including Hong Kong); India; Japan; South Korea; New Zealand; Singapore and Taiwan. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies -- large, small, public, and private -- span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, life sciences and emerging areas, such as clean technology. These companies are transforming the way we do business today. For more information about Deloitte Touche Tohmatsu Ltd. (DTTL), please visit the Deloitte website.

About Andes

Andes Technology Corporation was founded in Hsinchu Science Park, Taiwan in 2005 to develop innovative high-performance/low-power 32-bit processor cores and associated development environment to serve worldwide rapidly growing embedded system applications. The company delivers the best super low power CPU cores with integrated development environment and associated software and hardware solutions for efficient SoC design.

To meet demanding requirements of today's electronic devices, Andes Technology delivers configurable software/hardware IP and scalable platforms to respond to customers' needs for quality products and faster time-to-market. Andes Technology's comprehensive CPU includes entry-level, mid-range, high-end, extensible and security families to address the full range of embedded electronics products, especially for connected, smart and green applications.

For more information about Andes Technology, please visit http://www.andestech.com/.

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