The launch comes as a result of two years of industry input on a
standard, efficient and safe way for companies to buy and sell the
critical building blocks that comprise silicon chips.
The VCX was formed two years ago by Scottish Enterprise with a
goal of developing a way to address the increasingly challenging
business and legal issues involved in virtual component
transactions that can significantly slow the electronics product
development process. More than 40 leading companies including
Hitachi, Motorola, Sun Microsystems and Toshiba have participated
in the definition of a standard transaction process, toolsuite and
services.
Together, this offering aims to reduce what the company
describes as the excessive negotiation and time-consuming contract
generation processes that act as bottlenecks to growing this
market.
Andy Travers, CEO of the VCX said:
"This is truly a landmark occasion for the
VCX, and an important milestone for the electronics industry in
general. The timing couldn't be more ideal: every company in the
industry is formulating its SIP strategy, so to be able to deliver
this important piece of infrastructure now is gratifying. The
ability for companies to quickly and securely conduct SIP
transactions is essential if they are going to continue to grow,
innovate and meet demanding time-to-market requirements."
"We greatly appreciate the valuable
contributions of all the VCX members who have been so active over
the past two years, and are excited that the fruits of their
efforts have led to this new, dynamic B2B exchange that goes far
beyond traditional listing or catalogue services."
