History
Edoardo Mascetti, after graduating in 1949 in Electrical Engineering at the Polytechnic University of Milan and working as electronic designer for Siemens, founded his own company and named it SIAE, acronym for Società Italiana Apparecchiature Elettroniche. The company manufactured measurement systems such as electro-mechanical testers, analog oscilloscopes, telephone system analyzers and signal generators. SIAE's sales volume in 1955 was 6.224.000 Italian lire and doubled by the end of 1957.
A few years after founding SIAE, Edoardo Mascetti co-founded in 1958 Microelettronica S.p.A., a company whose business was the design of telecommunication equipment for radio and landline systems and which was initially located in a basement in Milan.