Telechips Sets Up US Headquarters In Irvine

South Korean fabless semiconductor developer Telechips said late Sunday evening that it has set up a new U.S. headquarters, in Irvine, California. According to Telechips, the company will use the new headquarters to expand sales in the set-top box and automotive market. The company's U.S. operations are being run by Steve Wahl, CEO of Telechips USA. The company makes chips used for the automotive multimedia, connectivity, and broadcasting market. Telechips did not say how it selected Irvine as the location for its U.S. headquarters, although the city is the home of many semiconductor and electronics companies.