Thursday, August 9, 2012

Peregrine Semiconductor IPO

As reported by Dan Primack at FORTUNE:

Peregrine Semiconductor Corp., a San Diego-based provider of RF CMOS and mixed-signal communications ICs, raised $77 million in its IPO. The company priced 5.5 million shares at $14 per share (low end of $14-$16 range), for an initial market cap of approximately $353 million. It will trade on the NYSE, while Deutsche Bank Securities and J.P. Morgan served as co-lead underwriters. Peregrine reports a $3 million net loss on around $80 million in revenue for the first six months of 2012. It had raised over $120 million in VC funding since 1990. Current shareholders include Morgenthaler Ventures (14.07% pre-IPO stake), Ridgewood Partners (10.32%), Advanced Equities (10.87%), Palisades Ventures (6.18%) and Technology Venture Partners (6.03%). The U.S. SBA also held a 10.61% pre-IPO stake, as receiver for Wasserstein Adelson Ventures. www.peregrine-semi.com

Tuesday, July 3, 2012

Intel Capital Leads Sand 9 Series C Investment

Sorry for the old news.....a bit behind.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sand 9, Inc., a MEMS technology company developing precision timing products for wireless and wired applications, today announced it has raised a total of $23 million in its Series C financing round led by Intel Capital with significant participation from Vulcan Capital. Intel Capital and Vulcan Capital join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR. Sand 9 will use funds to ramp volume production as they go to market and to rapidly expand their product portfolio.

Micro-electromechanical systems (MEMS) timing devices are ‘miniature machines’ that ensure synchronicity and stable operation in complex electronic devices, from smartphones and tablets to industrial test and measurement systems and communications infrastructure equipment. Sand 9’s MEMS timing-device platform is the industry’s first to achieve the stringent phase noise and short-term stability requirements for wireless and wired applications. The spurious-free resonator design – which can enhance network efficiency due to reduced packet loss – can result in fewer dropped calls. Combined with high immunity to noise, shock and lead-free reflow temperatures, the Sand 9 high-precision platform addresses Temperature Compensated Crystal Oscillator (TCXO) weaknesses that system designers have been forced to work around for decades.

“The MEMS oscillator market is still at a nascent stage, representing less than one percent of the total timing market of $6.3 billion,” said Tony Massimini, chief of technology, Semico Research. “By offering drop-in replacement – and technical benefits over established silicon quartz crystal timing devices – MEMS companies have already begun to capture market share from the legacy suppliers: quartz crystal manufacturers. Sand 9 is broadening the competition for this exciting segment of the MEMS market.”

“Sand 9’s precision MEMS technology has the potential to address the limitations of quartz timing products and substantially improve the performance, quality and cost of mobile devices while making them easier to design and manufacture” said David Flanagan, managing director, Intel Capital. “We look forward to working with Sand 9’s outstanding team, and welcome them as a new Intel Capital portfolio company.

“Intel Capital’s depth of knowledge and attention to detail have been extremely beneficial to Sand 9 as we migrate from research and development toward shipping product into the market,” said Vince Graziani, CEO, Sand 9. “This significant infusion of capital will enable us to commercialize our first product, ramp volume production and rapidly execute on expanding our product portfolio to service broader market needs.”

As part of the funding, Intel Capital appointed Dr. Siva Sivaram, an industry veteran with significant semiconductor process and operational experience as well as founder and CEO of Twin Creeks Technologies, Inc., to join the Sand 9 Board of Directors.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.6 billion in over 1,234 companies in 51 countries. In that timeframe, 199 portfolio companies have gone public on various exchanges around the world and 297 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About Sand 9

Founded in 2007, Sand 9 is a privately held technology company based in Cambridge, MA. Offering a precision MEMS technology platform that enhances quality and performance, simplifies system design, and promotes space and power savings in integrated electronic systems, Sand 9’s broad patent portfolio has the potential to transform wireless and wired systems in a wide range of market segments: mobile, industrial and communications. For more information on Sand 9, please contact us via phone: 617.453.2451, fax: 617.453.2469, email: info@sand9.com or web: www.sand9.com.

Toumaz acquires Frontier Silicon

Toumaz Limited (AIM: TMZ, ‘Toumaz, or ‘the Group’), a pioneer in and provider of ultra-low power, high-performance wireless communications technologies and solutions, has agreed to acquire Frontier Silicon Limited, a leading supplier of semiconductor, module and software solutions for digital radio and connected audio systems, for a maximum consideration of up to £32.3m.

The Group also announces the conditional placing of 285.6m new Ordinary Shares at a placing price of 10.25 pence, raising £29.25m before expenses. The shares have been placed at a premium by finnCap with both new and existing institutional investors.

Monday, June 18, 2012

Qualcomm Acquires Summit Microelectronics

SAN DIEGO – June 18, 2012 – Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has acquired Summit Microelectronics (Summit), a leading developer and provider of programmable power integrated circuits based in Sunnyvale, CA. Qualcomm’s power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products. As a result of the acquisition, Qualcomm will be able to offer a robust portfolio which will address a broader set of customers and complex design challenges. All employees of Summit Microelectronics have joined Qualcomm’s CDMA Technologies division.

The demand for more sophisticated battery management is critical in a world of increasingly smart devices with advanced computing capabilities, large high-resolution screens, and advanced modem technologies (e.g. 4G LTE). Summit Microelectronics is a leader in providing flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip. In particular, the Company’s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers.

“Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters,” said Steve Mollenkopf, president and COO of Qualcomm. “This acquisition enhances the competitiveness of Qualcomm’s chipset solutions and enables us to provide our customers with industry leading power management and charging performance.”

Tuesday, June 5, 2012

Alereon Announces $6 Million Cash Infusion

AUSTIN, Texas--(BUSINESS WIRE)--Alereon, Inc., today announced they have closed on $6 million dollars of additional financing led by Enhanced Capital Partners with participation from Alereon’s current investors Pharos Capital Partners and Duchossois Technology Partners. The infusion of capital will allow expansion of Alereon’s current wireless monitor docking station technology used in products such as the Samsung Central Station and the newly introduced Samsung Smart Station as well as the development of new technologies for industrial, medical, networking and gaming products.

“As the world leader in Ultra Wideband (UWB) wireless technology our customers are continuing to count on us to provide them with leading edge wireless solutions,” said Eric Broockman, Alereon CEO. “This capital will be used to provide support for new wireless monitor docking station customers looking to capitalize on the increased shipments of tablets and ultrabooks with their reduced number of ports, yet need to connect to the same monitor and peripherals as laptops as well as expand our offerings in industrial applications.”

“Alereon continues to be a world leader in UWB short range wireless technology,” said Rafael Castro, Enhanced Capital Director. “Enhanced Capital is excited to be able to provide them the capital to expand their current business and customer base as well as help them expand their current markets.”

Alereon is continuing to advance UWB technology providing both new OS and protocol support for current products as well as developing next generation products increasing speed and quality of service. The recent addition of Apple OS support has allowed Alereon current customers to increase wireless monitor docking station penetration in both the consumer and commercial markets.

In addition Alereon’s recent addition of TCP/IP protocol over UWB as an alternative to the original wireless USB protocol provides Alereon with the product portfolio to address new markets where current Wi-Fi solutions performance and functionality cannot meet customer wireless requirements. These include industrial, medical, military and gaming products where Quality of Service is critical and the increased saturation of Wi-Fi traffic makes guaranteeing video performance near impossible.

Finally, Alereon has also recently announced the development of next generation AL7350, an advanced UWB radio that is capable of achieving 1Gbps PHY rates at short range on the desktop and 2X extended range versus earlier WiMedia 1.1 compliant UWB chipsets. The AL7350 implements the more advanced WiMedia 1.5 specification together with maximum ratio combining. The new 1Gbps chip is currently in alpha sampling and will be sampling for general sampling in mid-2012.

About Alereon, Inc.

Alereon, Inc. is a fabless semiconductor company using industry standard Ultra Wideband (UWB) radio technology to develop low-power, blazing fast wireless solutions ideal for connecting media rich products and displays. Alereon’s mission is to enable consumers to simply and wirelessly stream real-time video and data from consumer electronics to HDTVs, monitors and laptops. For more information visit www.alereon.com.

About Enhanced Capital Partners, Inc.

Enhanced Capital Partners, Inc. (www.enhancedcapital.com) is a diversified, national private investment firm specializing in investments in small and mid-sized companies to further economic development in strategic areas. ECP manages over $350 million from its headquarters in New York City and through its regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, New Haven, Tampa and Washington, D.C.

Friday, June 1, 2012

Nanoradio acquired by Samsung

SEOUL, Korea and KISTA, Sweden – June 1, 2012 – Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions, announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones.

Headquartered in Kista, Sweden, Nanoradio has approximately 60 employees and extensive experience in the wireless industry. In particular, Nanoradio specializes in developing small form factor high performance Wi-Fi chipsets with low power consumption for cellular platforms.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world’s most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.

About Nanoradio AB

Nanoradio designs semiconductors with wireless capability for the cellular and handheld market where buying decisions relate to power consumption, stability, physical size, and total cost for customers.

Nanoradio has developed the most integrated circuits that bring outstanding WLAN capabilities into m obile phones and consumer multimedia electronics. Nanoradio ́s Wi-Fi chips target a range of applicati ons, including mobile phones, wireless network cameras for home surveillance, Portable Media Player s and gaming devices. Another big area for Nanoradio is the growing fixed-mobile convergence mark et with dual-mode phones.

The company was founded in March 2004 and it is a "fabless" company meaning that all manufacturi ng is outsourced. Nanoradio has a leading team of extensively experienced technologists from the cel lular and wireless industry as well as semiconductor industry and start-ups. Nanoradio is headquartere d in Kista, Sweden with sales offices in Korea, China, Japan and USA.

Nanoradio is backed by Viking Venture, Creandum, Industrifonden, Nordic Venture Partners, Ferd Capital, In novacom, Anchor Capital and Teknoinvest.

Wednesday, May 30, 2012

Qualtré Closes $10M Round

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Qualtré Inc., a leading provider of feature rich and high performance inertial sensors for cutting edge consumer and industrial applications, announced the closing of a $10M round of financing. The new funding will enable the company to launch multiple products targeting both high-volume consumer and industrial applications. These products are based on the company’s highly differentiated BAW gyroscope architecture, which underscores the versatility of the company’s core technology. The round consists of equity financing from Matrix Partners and Pilot House Ventures, as well as debt financing from Eastward Capital Partners.

“We are seeing tremendous interest from both top tier customers as well as strategic partners,” explained Edgar Masri, CEO of Qualtré. “We attribute this to the fact that people recognize the strengths of our fundamental technology, and they also believe that our differentiated BAW technology is much safer in terms of intellectual property rights and long-term supply assurance than the tuning fork gyros implemented by other companies. We believe that we have the only technology which can provide the performance scaling and environmental robustness needed for applications ranging from consumer to high-end IMU’s. We will use this funding round to develop products for key applications which can benefit from the combination of robustness, performance, and cost-optimization which our products will provide.”

MEMS gyroscopes are experiencing the same rapid growth rate that MEMS accelerometers experienced a few years ago, driven by growing adoption in products ranging from mobile handsets to gaming remotes to cameras to electronics stability control systems. Industry analysts estimate that the market for gyro sensors will grow to $1.5B in consumer electronics application alone by the year 2015.

“We are excited to see customers and partners accelerate their interest in Qualtré’s BAW technology,” said Stan Reiss, a General Partner with Matrix Partners. “We believe that by developing multiple products which use the same design building blocks, and at the same time address the needs of specific applications and markets, the company is delivering maximum value to its customers.”

About Qualtré, Inc.

Founded in 2008, Qualtré is a venture-backed company commercializing the next generation of solid-state silicon MEMS motion sensor solutions for cutting edge consumer and industrial applications by leveraging fundamentally differentiated technologies.

The company’s product development efforts build upon years of research conducted by its founder and Chief Technology Officer, Dr. Farrokh Ayazi, at Georgia Tech's renownedIntegrated MEMS Laboratory. The company is headquartered in Marlborough, Massachusetts. More information can be found at www.qualtre.com.

About Matrix Partners

Matrix Partners is a premier venture capital firm that has generated outstanding returns for over three decades. The firm has delivered several of the industry’s top performing funds of all time. Matrix Partners has offices in Waltham, MA; New York, NY; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. The firm has been fortunate to have invested in game-changing, industry-leading businesses such as Apple Computer, Sandisk, Veritas, Sycamore Networks, Phone.com, Starent Networks, JBoss and Xilinx.www.matrixpartners.com

About Pilot House Ventures

Pilot House Ventures is a Boston, Massachusetts-based venture capital firm that invests in promising early stage technology companies, including enterprise software, network infrastructure, internet, and communications companies. The company looks for outstanding entrepreneurs who are building companies with high growth potential that will be true partners throughout the lifecycle of the company. Pilot House Ventures' investment team leverages its deep operational, technical and industry experience to help entrepreneurs build successful companies. Pilot House operates with a team approach to help their portfolio companies be successful, with multiple members of the team involved in advising all portfolio companies on strategic decisions to drive growth. The Pilot House Ventures team also taps into its extensive networks to support its portfolio companies with resources for customer acquisition, business development, partnerships, marketing strategy, technology development and management and Board development. www.pilothouseventures.com

About Eastward Capital Partners

Eastward Capital Partners is a West Newton, Massachusetts based venture debt provider, which provides flexible equity sensitive solutions to companies in the Information Technology, Communications, Alternative Energy and Healthcare sectors. Having completed investments in over 100 companies in the previous 20 years, Eastward is among the most experienced providers of venture debt in the industry. www.eastwardcp.com

Monday, May 21, 2012

Silicon Labs Acquires Ember

AUSTIN, Texas--(BUSINESS WIRE)--Silicon Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance, analog-intensive, mixed-signal ICs, today announced it has signed a definitive agreement to acquire Boston-based Ember Corporation for initial consideration of $72 million, subject to an adjustment for certain working capital amounts and potential earn-out consideration. Ember is a late-stage private company offering market-leading silicon, software and development tools for 2.4 GHz wireless mesh networking solutions being deployed in smart energy, connected home, security, lighting, and many other monitoring and control applications.

This strategic acquisition brings Silicon Labs the technology and software expertise required to enable the low-power mesh sensor networks being deployed today in a wide range of residential, commercial and industrial applications. The demand for low-power, small-footprint wireless technology is accelerating as more and more IP-enabled end points are being connected to the “Internet of Things.” Expected to be the first 10 billion unit per year market, the Internet of Things is being realized to enable more convenient, energy-efficient and safer home and work environments.

The Ember portfolio complements Silicon Labs’ products and targets a growing market estimated to increase from $100 million in 2012 to $600 million by 2016. The combination of the companies’ products will bring together microcontroller (MCU), power and isolation technology, sensors, and both sub-GHz and 2.4 GHz wireless radios into a comprehensive portfolio of highly integrated networking solutions for embedded systems.

“Silicon Labs has consistently demonstrated a successful track record of integrating high-performance, low-power RF and mixed-signal ICs in CMOS and ramping them into high-volume markets,” said Tyson Tuttle, president and CEO of Silicon Laboratories. “This acquisition of a high-caliber team with proven wireless mesh networking know-how accelerates our ability to offer complete system solutions to our customers.”

Ember is a pioneer in the market for 802.15.4 ZigBee® solutions, developing mesh networking technology since the concept was first conceived. The design team represents some of the most experienced talent in embedded radios. The company’s products integrate high-performance, low-power 2.4 GHz wireless ICs with reliable and scalable networking software into a platform with unmatched performance and flexibility. With more than a decade of systems and software knowledge applied to the connected home, smart meters and building automation and more than 25 million units shipped, Ember has developed a leadership position in ZigBee-based systems and has established the benchmark for performance and usability.

“We believe our track record and technology leadership in ZigBee-based systems combined with Silicon Labs’ broad portfolio and focus on establishing a market-leading business in embedded wireless will enable our customers and the Internet of Things market to grow faster,” said Bob LeFort, chief executive officer of Ember. “The shared vision, compatible cultures and commitment to excellence augurs well for both the market as well as the Ember team.”

Silicon Labs expects that the addition of Ember’s high-performance system-on-chip (SoC) portfolio, advanced networking software expertise, and a proven design and applications team will contribute to the rapid expansion of its Broad-based business. Silicon Labs intends to apply the underlying technology platform and expertise to enable low-power mesh networking in not only home but also industrial and commercial applications. Further, both companies’ products leverage the same underlying development environment, which is expected to accelerate the combined roadmap and support rapid adoption among the existing customer base.

Ember is expected to contribute approximately $10-$12 million in revenue in the second half of 2012 and to be accretive on a non-GAAP basis in 2013. The boards of each company have approved the acquisition, which awaits the satisfaction of regulatory requirements and other customary closing conditions. In conjunction with this all-cash acquisition, Silicon Labs’ board of directors has authorized management to pursue a $200 million credit facility that could be used for stock repurchases and for other general corporate purposes.

About Ember
Ember Corporation (www.ember.com; twitter: @EmberCorp) develops wireless mesh networking technology – chips, software and tools - for Smart Energy, connected homes, and many other monitoring and control applications enabling greener living and work environments. The Boston-based company has approximately 60 employees worldwide including an IC design center in Cambridge, England.

About Silicon Laboratories Inc.

Silicon Laboratories is an industry leader in the innovation of high-performance, analog-intensive, mixed-signal ICs. Developed by a world-class engineering team with unsurpassed expertise in mixed-signal design, Silicon Labs’ diverse portfolio of patented semiconductor solutions offers customers significant advantages in performance, size and power consumption. For more information about Silicon Labs, please visit www.silabs.com.

Tuesday, April 24, 2012

Amalfi Semiconductor Closes $20M Funding

LOS GATOS, CA--(Marketwire - Apr 24, 2012) - Amalfi® Semiconductor, an emerging leader in cost effective, high performance power amplifier solutions for cellular handsets, today announced that it has raised an additional $20 million from existing investors Battery Ventures, DCM and Globespan Capital Partners. Amalfi plans to use the funds to expand its business operations and accelerate new product development programs of its next-generation CMOS power amplifier technologies.

"Amalfi is experiencing tremendous growth with worldwide Tier 1 and China ODM handset customers, in addition to having a strong CMOS integration roadmap for the 3G market. This commitment from our existing investors demonstrates the confidence they have in our ability to deliver disruptive technology," stated Mark Foley, CEO and President at Amalfi. "We've had a tremendous year and a dramatic ramp up in the adoption of our products. As we grow rapidly, this additional funding accelerates our next phase of product development, while allowing us to guarantee exceptional customer service."

With over 75 million transmit modules shipped, Amalfi is the industry's leading CMOS power amplifier company. Amalfi's current technology is primarily targeted for use in entry-level and ultra-low cost 2G GSM/GPRS cellular handsets in emerging markets. The company introduced its first family of CMOS-based 2G GSM/GPRS transmit module (TxM) integrated circuits (IC) in 2009. In August 2011, Amalfi launched its second-generation AdaptiveRF™ architecture, designed to deliver industry-leading performance at significantly reduced costs compared to traditional GaAs modules.

"We have clearly been able to demonstrate the benefits of our CMOS technology at the 2G level," added Foley. "We will further drive these price and performance benefits for feature and entry-level smartphones while introducing new advanced products that apply these same CMOS integration benefits to 3G and LTE mobile phones and data terminals."

About Amalfi Semiconductor
Amalfi Semiconductor is a fabless semiconductor company specializing in cost effective, high performance CMOS RF and mixed-signal ICs. The Company's proprietary CMOS based architecture, AdaptiveRF™, has proven to increase the battery life or talk time of cellular handsets while decreasing the size and cost of front-end cellular hand set designs. The company has strong financial backing, with funding from industry leading venture capital companies -- Battery Ventures, DCM, Globespan Capital Partners, and strategic investors. Amalfi Semiconductor can be contacted at their corporate headquarters in Los Gatos, Calif. at +1-408-399-5360 or atwww.amalfi.com.

About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from seed, start-up and expansion financing, to growth equity and buyouts. From offices in Boston, Silicon Valley and Israel, Battery manages nearly $4B in committed capital, including its current fund of $750M. For more information, visit www.battery.com.

About DCM
DCM is an early stage venture capital firm that has been helping entrepreneurs build world-class technology companies since 1996. The firm's partners manage funds totaling over US$2 billion, and have made investments in more than 150 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing and Tokyo, DCM provides hands-on operational guidance and a vast network of business and financial resources to its portfolio of companies globally. For more information, visit www.dcm.com.

About Globespan
Globespan Capital Partners is a global venture capital firm with over $1 Billion under management. Globespan primarily invests in go-to-market rounds of information technology, Internet and mobile communications companies. Our investment team has a proven track record of effectively working with entrepreneurs, top tier co-investors and strategic partners to help build market-leading companies. In addition, our dedicated Asian Business Development team provides unparalleled access to Asian markets offering a compelling advantage to our entrepreneurs. With offices in Boston and Palo Alto, we invest throughout the world on behalf of an international base of limited partners. For more information, visit www.globespancapital.com.

Tuesday, April 17, 2012

Quantenna Raises $79 Million

FREMONT, Calif. & MOSCOW--(BUSINESS WIRE)--Quantenna Communications, Inc., the leader in ultra-reliable Wi-Fi video networking for whole-home entertainment, announced today that it has closed a $79 million funding round led by new lead investor RUSNANO, with participation by a second new investor Bright Capital. All existing major investors,Sequoia Capital, DAG Ventures, Grazia Equity, Sigma Partners, Southern Cross Venture Partners and Venrock Associates have also participated in the financing. RUSNANO will invest up to $40 million and Sequoia Capital Growth Fund will contribute $20 million.

Quantenna is experiencing insatiable demand for its disruptive Wi-Fi chipsets that offer the industry’s highest performance and coverage while providing wire-like reliability for wireless video content distribution around the home and other demanding applications. According to market research firm Gartner, Wi-Fi-enabled device shipments will grow from less than 1 billion units in 2010 to more than 3 billion in 2015, making Wi-Fi one of the most influential wireless technologies in the years to come. According to Cisco’s 2011 Visual Networking Index Forecast, video alone is expected to reach about 90% of global traffic. Video services have become a primary revenue source for carriers worldwide, and demand continues to grow at an unprecedented pace for video content delivery from emerging over-the-top (OTT) service providers. Quantenna’s 4x4 MIMO chipsets represent the only commercially available solution for ultra-high reliability, carrier-grade video distribution in both managed and OTT architectures.

RUSNANO’s investment will leverage synergies between Quantenna’s portfolio and a number of nanotechnology initiatives that are underway at RUSNANO, whose mission is to develop the Russian nanotechnology industry through a variety of co-investment opportunities. Quantenna designs its products utilizing the latest semiconductor process technology, and is pursuing 40- and 28-nanometer process for its next-generation products. RUSNANO Managing Director George Kolpachev will become a member of Quantenna’s board of directors, and RUSNANO investment manager Vladislav Tropko will become a board observer. Quantenna will open a Russian subsidiary.

“We are very excited to be joining Quantenna investors and to lead this funding round,” said George Kolpachev. “Quantenna has done more than any other company in the world to unleash the technical potential of Wi-Fi by pioneering 4x4 solutions. This investment, along with our collaboration on a subsidiary entity in Russia, will help expand the role that Russia’s science and engineering schools are playing in the development of world-class solutions for the rapidly growing wireless equipment segment.”

“Sequoia Capital is pleased to be a returning investor in this funding round with a significant investment through our Sequoia Growth Fund,” added Mike Goguen, Managing Partner, Sequoia Capital. “We believe Quantenna is entering a new phase of hyper revenue growth.”

Quantenna’s funding will be used to expand its engineering and service organizations in order to support the rapidly growing list of service providers deploying its 4x4 MIMO 802.11n chipsets worldwide. Quantenna’s chipsets have already been integrated into products for service providers and retail applications from leading companies such as AirTies, Amper,Datasat Technologies, Gemtek, Motorola, Netgear, Sagemcom, Sigma Designs, Swisscom, Technicolor and Telefónica. A number of other new domestic and international service providers are planning to deploy Quantenna 4x4 MIMO chipsets for video distribution applications. Quantenna will also use the funding to accelerate new product development as it enters new market segments.

“Successful deployment of wireless Internet-enabled TVs, video game consoles and set-top boxes demands that multiple high-definition video streams can be distributed to any point in the home with ultra-high reliability and performance at full, 1080p resolution,” said Enrique Blanco, Chief Technology Officer, Telefonica. “This requires 802.11n at 5GHz technology with the right feature set for delivering the optimum subscriber experience.”

“In this fast-growing market space, our technology continues to be the leading choice among service providers for ultra-reliable wireless video distribution anywhere in the home,” added Dr. Sam Heidari, Chief Executive Officer, Quantenna. “Our video-over-Wi-Fi chipsets are on their way to penetrating new markets this year beyond the service provider segment. The round also enables us to expand our presence in Russia with the addition of a team of highly qualified specialists.”

“One of the key drivers in the service provider market is long-reach reliability, which requires a combination of technologies such as MIMO and beamforming. Service providers are embracing these solutions because of their ability to deliver the necessary performance and reliability at any corner of the home without costly maintenance calls or support. Also poised for growth in the retail networking market is 802.11ac, which delivers increased speed, capacity, coverage and battery life,” confirmed Craig Mathias, Principal, Farpoint Group.

About Quantenna Communications, Inc.

Quantenna Communications, Inc. is a fabless semiconductor company developing standards-based 802.11n and 802.11ac MIMO chipsets that deliver the highest levels of performance, speed and reliability for wireless networks and devices. Headquartered in Fremont, Calif., Quantenna has assembled a management and engineering team with a long track record of start-up success, and is backed by leading venture capital firms, including Sequoia Capital, Venrock, Sigma Partners, Southern Cross Venture Partners, DAG Ventures, Swisscom Ventures, Grazia Equity, and Telefónica Digital. For additional information, please visit http://www.quantenna.com.

About RUSNANO

RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.

Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies. For more information, please visit the company’s website at www.rusnano.com.

Friday, March 30, 2012

Analog Devices acquires Multigig

NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (stock symbol: ADI) today announced that it has acquired Multigig, Inc., a small, privately-held San Jose, California, company specializing in highly innovative high-performance clocking technology. The acquisition will enhance ADI’s clocking capabilities in stand-alone and embedded applications, and will strengthen ADI’s industry-leading position in delivering high-speed data converters and signal processing solutions for our customers.(visit ADI’s clock and timing portfolio page)

“The acquisition of Multigig fits squarely in the middle of our high-speed signal processing strategy and will further strengthen our portfolio of very high performance stand-alone and integrated clocking solutions,” said Peter Real, ADI vice president of Linear and Radio Frequency products and technology. “Continually evolving end markets such as wireless and wire line communications place ever more stringent demands on signal processing solutions and high-performance clocking capabilities are critical to meeting customers’ system requirements.”

Analog Devices acquired Multigig, Inc. in a cash transaction completed on March 30, 2012. The engineers will become part of ADI’s existing clock design team and will move to ADI’s San Jose, CA facility.

Wednesday, March 21, 2012

Broadcom to acquire BroadLight

IRVINE, Calif., March 21, 2012 /PRNewswire/ -- Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it has signed a definitive agreement to acquire BroadLight, Inc., a Delaware corporation with an Israel-based subsidiary. BroadLight is a privately held provider of highly integrated networking and fiber access PON (Passive Optical Network) processors. With the addition of BroadLight,Broadcom expands its broadband access portfolio to support customer requirements for rolling out next-generation fiber networks worldwide.

"The need for increased bandwidth for IPTV services, HDTV broadcasting and high speed Internet access are driving momentum for deploying fiber networks," said Dan Marotta, Executive Vice President and General Manager of Broadcom'sBroadband Communications Group. "Combining BroadLight's PON solutions with the strength of Broadcom's broadband access portfolio will enable us to offer a complete, end-to-end solution for customers — from OLT at the central office to CPE at the home. BroadLight's strong engineering team and broad IP will complement and extend our ability to deliver next-generation access technologies to customers."

In connection with the acquisition, Broadcom currently expects to pay approximately $195 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of BroadLight. The purchase price will be paid in cash, minus a portion of such purchase price attributable to certain unvested employee stock options that will be paid inBroadcom restricted stock units. Additional consideration of up to $10 million in cash will be reserved for future payment to holders of BroadLight capital stock and other rights upon satisfaction of certain performance goals. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of BroadLight to be roughly neutral to earnings per share in 2012. The transaction is expected to close in Broadcom's second quarter of 2012 and remains subject to customary closing conditions.

About BroadLight
BroadLight is a leading provider of highly integrated networking and embedded processors enabling fiber grade quality of service delivery for central office and customer premise equipment. BroadLight's fiber grade architecture powers equipment vendors serving telecommunication operators' fiber access, fixed mobile networks and connected digital homes worldwide.

About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to www.broadcom.com.

Monday, February 27, 2012

Luxtera closes $21.7 Million C round

Carlsbad, Calif. – February 27, 2012  Luxtera, the worldwide leader in Silicon CMOS Photonics, today announces the closing of a $21.7 Million C round of financing. Participation in the C round includes inside investment for NEA, August Capital, Sevin Rosen, Funds, and Lux Capital, as well as new investment from Tokyo Electron, and personal investment from an industry titan.

In addition, Luxtera adds Martin Colombatto to its board of directors. Colombatto most recently served as the CEO and president of Staccato Communications, a San Diego-based Ultra Wide Band (UWB)/ wireless USB company. Prior to Staccato, Colombatto served as the vice president and general manager of Broadcom’s Networking Business Unit. During Colombatto’s tenure at Broadcom, he established and managed a business that generated more than $400 million in revenue over a four year period. As a corporate officer and member of the executive staff, he led the acquisition of five companies that were integrated into his business and formed the technology and product foundation for future revenue growth.

About Luxtera
Luxtera, Inc. is the world leader in Silicon CMOS Photonics. It is the first company to overcome the complex technical obstacles involved with integrating high performance optics directly with silicon electronics on a mainstream CMOS chip, bringing direct “fiber to the chip” connectivity to market. Headquartered in Carlsbad, California, Luxtera is a fabless semiconductor company that was founded in 2001 by a team of industry-renowned researchers and technology managers drawn from the communications and semiconductor industries. Luxtera has received funding from leading venture capitalists including August Capital, New Enterprise Associates, Sevin Rosen Funds and Lux Capital. More information can be found on the company's web site: www.luxtera.com

Cisco Announces Intent to Acquire Lightwire

SAN JOSE, Calif. – February 24, 2012 – Cisco today announced its intent to acquire privately held Lightwire, Inc. Headquartered in Allentown, Penn., with offices in Santa Clara, Calif., Lightwire develops advanced optical interconnect technology for high-speed networking applications. The acquisition will allow Cisco to deliver cost-effective, high-speed networks with the next generation of optical connectivity, allowing service provider and data center customers to meet the growing demands of video, data, voice, mobility and cloud services.

Silicon (CMOS) photonics technology is expected to play a significant role in the enablement of high-speed networks. With expertise in CMOS photonics and packaging design, Lightwire has made innovations in optical interconnects by integrating multiple high speed active and passive optical functions onto a small silicon chip. The smaller size, lower power consumption and scalability of Lightwire's CMOS-based technology enable switches, routers and optical transport systems to have higher-density optical connectivity at a lower cost, allowing carriers to further reduce their operational and capital costs and offer new revenue-generating services.

"The acquisition of Lightwire will support our data center and service provider customers as they manage the continuing deluge of network traffic alongside tight capital and operating budgets," said Surya Panditi, senior vice president, Cisco Service Provider Networking Group. "With the combined know-how from Cisco in silicon design and Lightwire in CMOS photonics, we will transform Cisco's optical connectivity business to an integrated technology platform that supports our customers' burgeoning need for cost-effective high-speed networks."

"Acquiring Lightwire's advanced technology exemplifies Cisco's build, buy, and partner innovation model and supports our focus on driving market leadership in core networking, one of Cisco's five strategic priorities," said Ned Hooper, Cisco's chief strategy officer. "The Lightwire acquisition builds on Cisco's existing optical networking expertise and complements Cisco's 2010 acquisition of CoreOptics, a designer of coherent digital signal-processing solutions and application-specific integrated circuits for high-speed optical networking applications."

Upon the close of the acquisition, Lightwire employees will be integrated into Cisco's Transceiver Modules Group Business Unit and Supply Chain Operations Group. Under the terms of the agreement, Cisco will pay approximately $271 million in cash and retention-based incentives in exchange for all shares of Lightwire. The acquisition is subject to various standard closing conditions and is expected to be complete in the third quarter of Cisco's fiscal year 2012.

Tuesday, February 14, 2012

eoSemi Secures $2.3M Second Tranche

Congleton, UK, February 2, 2012: eoSemi, the all-silicon oscillator company, has confirmed that it has secured a $2.3 million (£1.5 million) second tranche of funding. All of the company’s existing investors, including NESTA Investments, Capital-E, and EV, participated in the latest round of financing.

“The continuing commitment of our investors is a ringing endorsement, not only of our core technology, but also of the progress made by our team towards bringing that technology to market,” said eoSemi CEO Ian Macbeth. “We are addressing a long-term market opportunity in excess of $4bn, and moving confidently from early-stage technology development towards commercial success.”

eoSemi’s core technology enables new timing devices based entirely on silicon circuitry. These can replace the costly, bulky and unreliable external quartz crystals that are still used in even the newest consumer and industrial devices, from mobile phones to televisions. eoSemi's new silicon approach allows a timing reference to be placed directly onto a silicon chip, reducing the number of parts required for each device and therefore the cost and size.

“A viable, cost-effective silicon timing solution is the holy grail for chip designers and makers of consumer products around the world,” said Mark Sherwood, CEO at specialist industry analyst firm CS &A (www.timing-is-everything.net). “Such a solution would immediately cut costs and improve reliability: but just as important, it will open the path to silicon integration, which has been the historic driver for the whole of today’s electronics industry.”

Libby Kinsey, Investment Manager, at NESTA investments said: 'We are delighted to be able to continue our relationship with eoSemi, as the team continues to execute professionally and deliver on its promises. The UK has a highly successful microelectronics industry, and NESTA is determined to play its part in supporting its development.”

Marc Wachsmuth, Partner, Capital E Partners added: “We continue to see enormous potential in eoSemi, and are delighted at the company’s progress so far. At Capital E we remain convinced that eoSemi ticks all the boxes for a successful technology start-up, combining an outstanding team with defensible IP and a compelling need in the market.”

Ed French, Investment Director, EV said: “EV invests in early-stage companies across the UK, and across a variety of sectors. eoSemi has made remarkable progress in developing the first really viable alternative to quartz in a century of electronics development.”

Black Sand Technologies Closes $10M Series C

AUSTIN, Texas--(BUSINESS WIRE)--Black Sand Technologies, Inc, a fabless semiconductor company specializing in advanced power amplifier technology for wireless applications, today announced that it has received US$10 million in third-round (series C) funding, as it ramps volume production of its range of silicon power amplifiers for use in 3G phones, tablets and datacards. The latest funding round was led by existing investors Northbridge Venture Partners and Austin Ventures.

Black Sand employs industry standard CMOS semiconductor technology in the manufacture of key handset components that have traditionally required specialized process technologies. The company’s products can therefore be made in the world’s largest semiconductor foundries, thus improving quality, reliability and robustness, reducing costs, and giving customers supply assurance.“The enthusiastic commitment of our shareholders, placing $10 million in cash on the balance sheet, is a powerful endorsement of our strategy and our growing success in the market,” said John Diehl, CEO of Black Sand. “We are already shipping in volume to multiple customers, and this additional investment will allow us to take the company to the next level – in terms of new products and an expansion of the sales and technical team. We have demonstrated technology leadership and commercial performance: our investors have responded to that.”

“The team at Black Sand has performed impressively over the last 24 months, not only successfully productizing the silicon power amplifier concept, but also achieving significant market traction,” said Basil Horangic, Partner at Northbridge Venture Partners. “We’re delighted to continue our association with John Diehl and his team, as they move forward to even further success in the coming months.”

“The market that Black Sand addresses certainly has a compelling need for its technology,” said Clark Jernigan, Venture Partner at Austin Ventures. “Black Sand’s products benefit consumers, handset makers and network operators – with this kind of win-win proposition, we’re confident that the company can move to even greater success.”

The Black Sand BST34 series of power amplifiers is designed as a drop-in replacement for existing 3G GaAs (gallium arsenide) power amplifiers, improving supply and lowering cost for handset manufacturers; the BST35 series moves the market forward, using another important feature of CMOS process technology – the ability to integrate more intelligence and functionality on-chip. The overall result is a reduction in the incidence of dropped calls, increase in real-world data rates and reductions in network operators’ capital expenditure requirements.

Thursday, January 5, 2012

SuVolta Raises $17.6 Million in Venture Funding

LOS GATOS, CA--(Marketwire - Jan 5, 2012) - SuVolta, Inc., the developer of PowerShrink™ low-power IC technology that cuts chip power consumption by 50 to 90 percent, today announced that it has secured $17.6 million in venture funding. The company will use the funding to continue to develop low-power silicon technologies for the world's most advanced semiconductor processes. New investor Bright Capital participated in the round, joining all existing SuVolta investors including Kleiner Perkins Caufield & Byers (KPCB), August Capital, New Enterprise Associates (NEA), Northgate Capital, DAG Ventures and others.

"SuVolta's revolutionary PowerShrink transistor is a stunning and disruptive innovation, a true game-changer," said John Doerr, partner at Kleiner Perkins Caufield & Byers. "It solves the semiconductor industry's greatest challenge -- power -- without requiring billions of dollars investment in new fab facilities and chip designs. So partners and investors are racing to exploit this enormous opportunity."

"While the past five years have produced impressive innovations with the web and mobile devices, it's just as important that we continue advancing the underlying technologies that make these innovations possible," said Forest Baskett, general partner at NEA. "Unfortunately, the funding for core semiconductor technology has significantly declined over the same period. Funding a venture like SuVolta is important because we need companies striving to truly disrupt the status quo in the semiconductor industry."

The Global Semiconductor Alliance (GSA) shows supplier funding (e.g., IP, EDA/design, foundry, test, packaging) at $717.5M in 2007 compared to $272.2M in 2010, with 2011 tracking at roughly half the rate of last year as reported in the Global Semiconductor Funding, IPO and M&A Update.

The semiconductor industry recognizes the issue of power consumption must be addressed -- including Intel which introduced the Tri-Gate transistor in May 2011. SuVolta's PowerShrink™ low-power CMOS platform, enables semiconductor companies to cut chip power in half without sacrificing performance, losing functionality, or having to migrate to a more advanced -- and costly -- semiconductor process node.

"Power is now the biggest design constraint for electronic products. This funding demonstrates the excitement surrounding our technology which dramatically reduces power consumption in ICs," said Bruce McWilliams, president and CEO of SuVolta. "Lowering power consumption has far reaching benefits for a range of applications and products including mobile devices. SuVolta is pleased to be advancing the possibilities from continued scaling of planar, bulk CMOS technology."

At the International Electron Devices Meeting (IEDM) last month in Washington D.C., SuVolta along with its development partner and licensee, Fujitsu Semiconductor Limited, demonstrateddramatic power consumption reduction with the ultra-low-voltage operation of SRAM (static random access memory) blocks down to 0.425V.

About SuVolta, Inc.


SuVolta, Inc. develops and licenses scalable semiconductor technologies that enable a significant reduction in IC power consumption while maintaining performance. Based in Silicon Valley, the team includes world-class engineers and scientists with a long history of technology development and innovation to advance the semiconductor industry. The company is backed by leading venture capital firms Kleiner Perkins Caufield & Byers (KPCB), August Capital, NEA, Bright Capital, Northgate Capital and DAG Ventures. For more information visit www.suvolta.com.

Mindspeed Technologies to Acquire Picochip

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it has signed a definitive agreement to acquire U.K.-based Picochip Limited, a leading supplier of integrated system-on-chip (SoC) solutions for small cell base stations, for a purchase price of approximately $51.8 million, plus a potential earnout payment of up to $25 million payable in the first calendar quarter of 2013.

Together, Mindspeed and Picochip will offer the most comprehensive portfolio of base station semiconductor solutions on the market, from residential to enterprise to pico/metro applications. Through this timely combination, Mindspeed's enhanced product roadmap for single- and multi-mode 3G/4G solutions will enable it to capitalize on the rapid acceleration of the small cell wireless base station market, while also addressing comprehensive support for all 3G and 4G global air interface standards. Management estimates the total addressable market for the combined entity will grow to $3.0 billion by 2016. Management also believes technology synergies, operational synergies and opportunities for cross-selling products within each company’s customer base are substantial.The expected acquisition will create the clear market leader in small cell base station solutions for next generation mobile broadband communications infrastructure, an explosive growth market. Research firm Mobile Experts LLC predicts small cell base station shipments will grow to 24 million units by 2016, creating a market for alternative cells, which could exceed the macrocell market in terms of transceiver unit shipments during the next four years.

For Picochip, Mindspeed will pay cash of $27.5 million and approximately 5.19 million in new shares of Mindspeed common stock, amounting to approximately 15 percent of outstanding Mindspeed shares, for a total of $24.3 million, based upon the closing price of Mindspeed’s common stock on January 4, 2012. The cash portion of the initial purchase price will be financed in part with bank debt. The terms also include an earnout provision, whereby the purchase price can increase by up to $25 million, contingent on the achievement of certain milestones. The earnout, which is payable in the first calendar quarter of 2013, may be paid in cash, Mindspeed common stock or a combination thereof, at Mindspeed’s discretion.

The transaction has been approved by Mindspeed’s and Picochip’s boards of directors and is subject to certain closing conditions. The transaction is expected to close in the first calendar quarter of 2012. Mindspeed currently expects the acquisition, inclusive of anticipated synergies, to be accretive to non-GAAP earnings per share in the second half of calendar 2012.

“Our acquisition of Picochip establishes our position as a global leader in wireless infrastructure semiconductor solutions for next generation mobile broadband communications,” said Raouf Y. Halim, chief executive officer of Mindspeed. “It is a great strategic fit for several reasons. First, it positions Mindspeed as the clear leader in small cell base station technology with the industry’s broadest small cell product offering, addressing a significantly expanded market opportunity of $3.0 billion by 2016. Second, it enhances our competitive position as we join our respective 3G/4G technologies to offer single- and multi-mode solutions that we believe will provide us a time-to-market and product performance advantage relative to competitors. Third, it gives us the scale to lead the industry’s move toward fixed/mobile broadband convergence; a trend which we believe will drive revenue and earnings growth for Mindspeed in the future.”

Nigel Toon, chief executive officer and president of Picochip, stated, “Mindspeed is the ideal acquirer for us. Together, we have valuable technology and customer synergies, given Picochip’s carrier-qualified 3G wireless technology leadership with over 70 percent market share in 3G/high-speed packet access (HSPA) and Mindspeed’s proven pathway as the long-term evolution (LTE) small cell pioneer with the Transcede® product family. Our combined resources create one of the largest SoC development groups in the wireless infrastructure sector with complementary intellectual property scale and expertise to deliver the solutions that this fast-moving market demands.”

Raymond James & Associates, Inc. is acting as Mindspeed’s financial advisor, and Wilson Sonsini Goodrich & Rosati, P.C. is serving as Mindspeed’s legal advisor. Barclays Capital is acting as Picochip’s financial advisor and Fenwick & West LLP is serving as Picochip’s legal advisor.

About Mindspeed Technologies

Mindspeed Technologies (NASDAQ: MSPD) is a leading provider of network infrastructure semiconductor solutions to the communications industry. The company's low-power system-on-chip (SoC) products are helping to drive video, voice and data applications in worldwide fiber-optic networks and enable advanced processing for 3G and long-term evolution (LTE) mobile networks. The company's high-performance analog products are used in a variety of optical, enterprise, industrial and video transport systems. Mindspeed's products are sold to original equipment manufacturers (OEMs) around the globe.

About Picochip

Picochip is enabling the next generation of wireless infrastructure. Its picoXcell™ family of optimized silicon devices is the leader in the fast growing market for femtocell access points. Its picoArray™ family of flexible wireless processors is the leading solution for OFDMA-based network equipment, and is backed by comprehensive software support for global standards such as EDGE, HSPA, HSPA+, TD-SCDMA, WiMAX, LTE, cdma2000 and GSM. Located in Bath, UK and Beijing, China, Picochip is re-shaping mobile networks.

For more information, visit www.picochip.com and Twitter: @picochip_femto.