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21999
AMCC
This past year has been an incredibly exciting period of change for AMCC and the markets we serve. In fact,
we are experiencing one of the most dynamic times we have ever seen in our industry. For the first time, the
IC industry is no longer being driven by the PC, but by communications. The winners in this explosive market
will be those IC companies that can deliver end-to-end communications solutions that are reliable, enable
high performance and bandwidth and are available now. AMCC is one of these companies.
During fiscal 1999, we strengthened our capabilities to meet these new industry demands, further solidifying
AMCC’s position as the leader in high-bandwidth silicon connectivity solutions. AMCC acquired Ten Mountains
Design in April 1998 and Cimaron Communications Corporation in March 1999, thereby expanding our
capabilities to include complete fiber-to-switch connectivity. We built on our OC-48 product portfolio
and strengthened our Gigabit-CMOS leadership position. We made significant in-roads into emerging markets
such as broadcast HDTV. And we continued to build for our future success, including increasing AMCC’s design
wins, enhancing margins through improvements in fab utilization and expanding our investments in R&D.
A YEAR OF SOLID FINANCIAL PERFORMANCE AMCC has also seen significant growth in our financial
strength over the past year. The Company emerged from its twelfth consecutive profitable quarter with
annual net revenues exceeding $100 million for the first time in our history.
T
O
O
UR
S
TOCKHOLDERS AND
F
RIENDS
AMCC ESTIMATED AVAILABLE
COMMUNICATIONS MARKET
(in millions of dollars)
COMMUNICATIONS DESIGN WIN GROWTH
■ Serial Backplane
■Gigabit Ethernet
■Fibre Channel
■SONET/ SDH/ ATM
1998–2002 CAGR=32%
1998 1999 2000 2001 2002
2,500
2,000
1,500
1,000
500
0
0
1x
2x
3x
4x
5x
FY 96 FY 97 FY 98 FY 99