Friday, January 15, 2010

Avnera Announces $10 Million Venture Financing

BEAVERTON, OR--(Marketwire - January 15, 2010) - Avnera Corporation, the pioneer in Analog System-on-Chip (ASoC) technology for consumer electronics devices, announced today that it has closed a new $10 million round of financing. The money was raised from existing investors and also new investor Onkyo Corporation. Onkyo and Avnera are jointly working on several products currently and expect to bring these products to market in the second half of 2010.

Avnera has more than ten ASoCs in mass production including the AudioMagic™ and VoiceMagic™ families. These ASoCs are powered by Avnera's breakthrough IP portfolio of analog and audio technologies. Avnera's ASoCs enable dozens of products today from more than 15 customers with several more expected in 2010.

"Avnera continues to execute well to its plan of enabling its customers to deliver differentiated audio products using Avnera's highly disruptive ASoC technology," said Manpreet Khaira, CEO, Avnera Corporation, "We have tremendous support from our existing investors and are pleased to welcome Onkyo as a new investor. We expect to use the proceeds of series D to accelerate the company's growth as a pre-eminent analog semiconductor company."

"We are very impressed by Avnera's world-class technologies and broad portfolio of ASoCs," said Munenori Ohtsuki, COO, Onkyo Corporation. "We look forward to collaborating closely with Avnera to assist us in delivering leading audio and video products."

Avnera was founded in early 2004 and has raised $52M to date in four rounds of financing from Altien Ventures, Bessemer Venture Partners, Best Buy Capital, DAG Ventures, Intel Capital, Onkyo Corporation, Panasonic Venture Group, Polycom Corporation and Redpoint Ventures.

About Onkyo

Onkyo Corporation, founded in 1946, is the world's leading designer and manufacturer of digital audio/video products with superior audio and visual technologies, as well as traditional analogue audio and speaker systems. Onkyo products include DVD/CD players, amplifiers, home stereo speakers, and home theater systems. Furthermore, Onkyo also manufactures and offers to the Japanese market innovative PC and PC peripheral products with high-quality audio capabilities. Since Onkyo merged with Sotec Corporation (Japanese PC manufacturer) in 2008, Onkyo has been expanding its PC business. Onkyo also engages in its contract business of supplying Onkyo's quality products like speakers for automobiles, television, video games, and other various products. Onkyo's worldwide headquarters is in Japan. For more information, please visit www.onkyo.com

About Avnera Corporation

Avnera is a venture-backed fabless analog semiconductor company based in Beaverton, Oregon that has pioneered Analog Systems-on-Chip (ASoC) technology for consumer electronics applications. The company's ASoC products are designed to accelerate time to market by enabling very high levels of system integration on chip thereby reducing product development time. Avnera's ASoC solutions allow consumer electronics manufacturers to quickly and easily create wireless "wired-quality" multi-source, multi-listener high fidelity consumer electronic audio products. Avnera is funded by Altien Ventures, Bessemer Venture Partners, Best Buy, DAG Ventures, Intel Capital, JAFCO Ventures, Onkyo Corporation, Panasonic Venture Group, Polycom and Redpoint Ventures. More information is available at www.avnera.com.

Thursday, January 14, 2010

IDT Acquires Mobius Microsystems

SAN JOSE, Calif., Jan 14, 2010 (BUSINESS WIRE) -- IDT(R) (Integrated Device Technology, Inc.)(NASDAQ: IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced it has acquired Mobius Microsystems, the leader in precision all-silicon oscillator technology . The transaction, which closed today, January 14, 2010, is an all-cash agreement for the outstanding Mobius shares. The agreement has already received appropriate board approvals.

"Mobius Microsystems' innovative technology extends IDT's clock leadership into high accuracy, crystal oscillator replacements, thereby doubling our served available market," said Dr. Ted Tewksbury, president and CEO at IDT. "Mobius' patented all-silicon timing technology provides IDT with power, size, and time-to-market advantages over competitive offerings. IDT plans to quickly bring products to market using our existing worldwide sales and distribution channels. We expect customers to rapidly adopt this technology across multiple applications and segments, beginning with consumer and migrating to the computing and communications markets."

Mobius specialized in innovative analog and mixed signal timing solutions. The company's all-CMOS frequency source is a significant technical breakthrough for the timing market. Mobius' all-silicon oscillator enables designers to create accurate, higher frequency, thinner and mechanically robust products.

Wednesday, January 13, 2010

Open-Silicon acquires Silicon Logic Engineering

MILPITAS, Calif. – January 12, 2010: Open-Silicon, Inc., a leading SoC design and semiconductor manufacturing company, announced today the acquisition of Silicon Logic Engineering (SLE) to enhance the company’s derivative IC design capabilities. The SLE team, based in Eau Claire, Wis., joined Open-Silicon effective December 7, 2009.

As part of Open-Silicon, SLE will increase the front-end capabilities at the company for designing derivative ICs, which are increasingly in demand as semiconductor companies look to maximize the returns on their initial platform IC investments. Previously Open-Silicon announced successful completion of an NXP Semiconductor product development which went from spec to production, including software, within 13 months. To build the best fully custom ICs and derivatives, specific technology and market design knowledge is needed. Open-Silicon will continue using an existing network of industry-leading design services partners, combined with the SLE team, to offer customers the best fitting design solutions on the market.

SLE was founded in 1996 from senior engineers formerly with supercomputer company Cray Research. Over the past 13 years, Silicon Logic Engineering has provided the ASIC industry with architecture, RTL design, design verification, and physical design services and grown to a respected industry icon with a reputation as the premier design center for highly complex designs. With an average of more than 20 years of engineering experience on designs up to 50M+ gates, SLE’s team brings extensive technical knowledge of the computing, networking, telecommunications and military/aerospace industries.

“Companies today are looking for ways to leverage their engineering investments. The SLE team, along with the existing Open-Silicon team, provides the capability to build the derivative IC designs our customers seek,” said Dr. Naveed Sherwani, CEO and president of Open-Silicon. “With this merger, Open-Silicon has created one of the broadest partner ecosystems for IC development which includes multiple foundry, IP, and assembly/test partners to provide the best possible technologies for each IC.”

About Open-Silicon, Inc.
Open-Silicon, Inc. is a leading semiconductor company focused on SoC realization for traditional ASIC, develop-to-spec, and derivative ICs. Open-Silicon’s OpenModel™ brings together Open-Silicon’s engineering technology and high-quality manufacturing services with one of the broadest partner ecosystems for IC development, spanning IC design, open market IP integration, wafer fabrication, and assembly/test services. Open-Silicon received the Global Semiconductor Alliance (GSA) award for Most Respected Private Semiconductor Company in 2008 and 2009. For more information, visit Open-Silicon’s website at www.open-silicon.com or call 408-240-5700.

Siano Mobile Silicon raises $24M in Round D Funding

NETANYA, Israel, Jan. 12 /PRNewswire-Asia/ -- Siano Mobile Silicon ( http://www.siano-ms.com ), the leading supplier of mobile digital TV receiver chips, announced today the completion of a $23.5M fourth round of funding.

The round consists exclusively of all of Siano's existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.

Founded in late 2004, Siano develops and markets semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. Pioneers of the multi-standard approach, Siano's highly integrated silicon receiver chips enable high-performance, fast time-to-market mobile TV in emerging markets such as China, Brazil and Europe.

"Coming out of the global financial crisis around mid 2009, it was clear that the mobile DTV market has shifted gear," said Erel Margalit, Chairman of Siano and Managing Partner of JVP. "From China and Brazil to Russia and Korea, the demand for Siano's products has risen at a phenomenal rate, and the investors are happy to provide the company with the proper financial instruments to maximize its growth. Given its proven technology leadership and management skills, we view Siano as a company well capable of becoming a leading semiconductor supplier in the global wireless and media markets," added Margalit.
"This financing round marks the completion of the transition that Siano made in the last year, from a start-up company to an established volume supplier to multiple international brands such as Samsung, Motorola, ZTE, Huawei, Mio, Garmin, Dell and many others," said Alon Ironi, Siano's CEO. "The new funds will help Siano solidify this position, build sufficient product inventory to secure vast supply, and in parallel continue to develop new products and penetrate new markets."

About Siano Mobile Silicon
Siano Mobile Silicon is the leading mobile digital TV chip maker in the world. Pioneers of the multi-standard approach, Siano's highly integrated silicon receiver chips enable high-performance, fast time-to-market mobile TV solutions for handheld device makers. Siano offers a complete family of MDTV receiver chips for the key emerging mobile TV markets in Europe, South America and China and works closely with global tier-1 PC and mobile handset manufacturers. Siano is a global company with offices in North America, China, Taiwan, Korea and EMEA (Israel).

Monday, January 11, 2010

Microchip Technology Acquires ZeroG Wireless

CHANDLER, Ariz., Jan. 11, 2010 [NASDAQ: MCHP] — Microchip Technology Inc., a leading provider of microcontroller and analog semiconductors, today announced it has acquired ZeroG Wireless, Inc., an innovator in low-power embedded Wi-Fi® solutions based in Sunnyvale, Calif. ZeroG is a privately held fabless semiconductor developer of Wi-Fi-certified transceivers and FCC-certified modules, which further strengthen Microchip’s wireless offerings by enabling embedded designers to easily connect to this ubiquitous networking protocol with any 8-, 16- or 32-bit PIC® microcontroller. The terms of the deal are confidential.

“There is a growing need for Wi-Fi solutions in embedded applications, and ZeroG’s Wi-Fi solutions are tailor made for the embedded market,” said Steve Caldwell, director of Microchip’s RF Products Division. “This acquisition makes it easy for Microchip’s microcontroller customers to purchase certified Wi-Fi modules and proven software, to enable their embedded applications with Wi-Fi capability.”

About ZeroG Wireless, Inc.

ZeroG Wireless is a fabless semiconductor company focused on creating a world of connected devices, the “Internet of Things.” With ZeroG low-power Wi-Fi chips, there is no limit to the type of device that can now leverage the massive and rapidly growing Wi-Fi infrastructure. The Company’s products are designed from the ground up to enable simple, low-cost connectivity for nearly any system, regardless of architecture. The result: faster time to market and significantly lower overall system cost. ZeroG was previously privately held and is located in Sunnyvale, Calif.

About Microchip Technology

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.

Friday, January 8, 2010

Discera Closes $11M Series D Financing

SAN JOSE, Calif.--(BUSINESS WIRE)--Discera (http://www.discera.com), a recognized leader in MEMS based technology for the clock and timing markets, today announced the successful completion of its Series D financing, having raised $11 million. Investors in this round include previous investors Scale Venture Partners, Horizon Ventures, and Ardesta. In addition, they were joined by new investor Lurie Investments. With the close, Mr. William White, Executive Vice President of Lurie Investments joins Discera’s Board of Directors.

“We are excited to have the support and continued investment from our existing partners. The addition of Lurie Investments as an investor to our team brings valuable expertise to Discera and a shared passion for the future of MEMS technology. We raised additional funds in this difficult economic climate to expand our product portfolio and accelerate the growth of our MEMS timing business,” said Bruce Diamond, Discera President and CEO.

Citing Discera’s technology differentiators as an important factor in their investment, Mr. White also noted, “Discera is poised to enter a period of explosive revenue growth as MEMS timing continues to gain acceptance in the marketplace. MEMS technology offers customers new cost effective solutions to their timing needs including smaller packages with more functionality. Due to the need for special packaging, quartz technology has significant limitations on adding features to oscillator products. We are very excited about Discera’s upcoming new products and we expect Discera to gain a large share of the $5 billion timing market.”

Lurie Investments is the private investing arm of the Ann and Robert H. Lurie Foundation, specializing in venture capital and private equity investing. Over the past decade, the firm has made a number of investments in the MEMS and Nanotechnology space, as well as substantial investments in life sciences, including devices, diagnostics and therapeutics. Lurie Investment Fund, LLC is based in Chicago, Illinois.

About Discera

Founded in 2001 as an extension of pioneering MEMS development work at the University of California at Berkeley and the University of Michigan at Ann Arbor, Discera is a recognized leader in MEMS oscillator technology. The company has 27 MEMS technology patents. Discera was presented with the prestigious Wall Street Journal Innovation Award, and the company’s CTO has garnered the coveted ACE Award for his work on MEMS technology.

Wednesday, January 6, 2010

Plurality Secures Second Round of $12 Million Dollars From Japan-Based Investors

TOKYO, December 17 /PRNewswire/ -- Plurality Ltd. announced today it has secured a second round of investment totaling US$12M from Japanese investors, bringing the company's total committed funding to-date to US$20M.

The funding will be used for the planned expansion of operation in Asia and North America, the introduction of Plurality's HyperCore(TM) multimedia acceleration IP, and a 256-core acceleration processor chip. Testing of Plurality's 64-core test chip will be completed in Q2, and the 256-core acceleration device will be sampled in Q4 2010.

This follows Plurality's announcement twelve months ago of the HAL-64, a 64-core acceleration processor IP product, offering performance up to 32 GIPS or 8 GFLOPS. HyperCore(TM) processors are the market's most powerful, space saving and energy-efficient multi-core shared-memory processing engine.

Plurality, a developer of advanced manycore processor solutions, has made its HyperCore(TM) acceleration processor IP available to system-on-chip (SoC) developers and original equipment manufacturers (OEMs) to implement the heavy lifting required by the growing number of multimedia standards required to play in the evolving mobile and home markets. The HyperCore(TM) processor IP acts as a performance extension to the industry's most popular processor architectures (x86, PowerPC, and ARM), enabling improved SoC performance without greater power consumption or die area.

"We continue to move forward, bringing the order-of-magnitude performance advantages of our HyperCore(TM) acceleration processors to the multimedia and high-performance computing markets," said Igor Pe'er, Plurality's Chairman and CEO. "This funding adds to the resources we have obtained from earlier rounds and is more than sufficient to move us into production. We were thrilled by the responses we received from the investors in Japan."

Plurality develops advanced silicon Intellectual Property, chips and acceleration boards for manycore processing. Plurality's IP is based on a scalable, easily-programmable, manycore processor that is positioned as a general-purpose accelerator. The processor delivers the highest performance per watt per square millimeter at the lowest cost of any currently available chip-level, shared-memory machine. The privately-funded company is headquartered in Netanya, Israel. HyperCore(TM) is a trademark of Plurality Ltd. Enquiries may be sent to info@plurality.com.

Tuesday, January 5, 2010

SiBEAM Receives Equity Investment from Best Buy

SUNNYVALE, Calif.--(BUSINESS WIRE)--SiBEAM, Inc., the leading innovator of 60 GHz wireless communication platforms, today announced that it has received an equity investment from Best Buy Co., Inc., one of the world’s largest retailers of consumer electronics. Terms of the investment made by Best Buy Capital, the corporate venture capital group within Best Buy Co., Inc., were not immediately disclosed. SiBEAM is the first to ship standards-based 60 GHz semiconductor technology for wireless transmission of high-definition (HD) video, audio and data.

“This funding will aid the launch of several of our strategic initiatives for 2010 and further cements WirelessHD technology as the industry standard for the next generation of wireless connectivity for sharing content among a variety of the growing number of digital devices present in today’s homes.”

In addition to its retail stores worldwide, Best Buy also manufactures an Exclusive Brands line of technology products, including the Insignia, Rocketfish, Dynex, Init and Geek Squad brands. Best Buy recently joined the WirelessHD® Consortium, founded by several global technology leaders, and launched its Rocketfish WirelessHD Adapters (RF-WHD100) that help consumers wirelessly connect their existing entertainment components for a more flexible home theater experience.

“Best Buy regularly searches for the latest and greatest technology,” said Nigel Waites, chief technology officer for Exclusive Brands, Best Buy Co., Inc. “We have a responsibility to look ahead, and explore and test new and emerging technologies, products and services that can help consumers live in a digitally-connected world.”

SiBEAM’s WirelessHD technology enables wireless transmission of high quality lossless high-definition video, audio and data streams in the 60 GHz unlicensed band capable of up to 28 Gbps data rates. WirelessHD standard products have been available to consumers for the past year and enable applications such as wireless display among a variety of devices, instantaneous file transfers and easy notebook PC to HDTV connectivity.

“Best Buy and SiBEAM share a common vision of facilitating connectivity between consumer electronics, personal computing and portable devices,” said John LeMoncheck, President and CEO of SiBEAM, Inc. “This funding will aid the launch of several of our strategic initiatives for 2010 and further cements WirelessHD technology as the industry standard for the next generation of wireless connectivity for sharing content among a variety of the growing number of digital devices present in today’s homes.”

For more information about SiBEAM’s WirelessHD-based chipset solutions, please email info@sibeam.com. For more information about Rocketfish products, please visit www.bestbuy.com.

About SiBEAM, Inc.

Founded in 2004, SiBEAM is a fabless semiconductor company developing intelligent millimeter wave technologies and leveraging the latest manufacturing methods to meet the demand for high-bandwidth services. SiBEAM is the first to build 60 GHz chipsets using CMOS technology. The first of many applications for SiBEAM’s innovative technology is based on WirelessHD®. As a founding member of the WirelessHD® Consortium, SiBEAM is a leader in driving the architecture and semiconductor implementation for the distribution and presentation of high-definition content in the consumer electronics and personal computing markets. For more information please visit: www.sibeam.com.