Wolfson Microelectronics, the fabless Scottish mixed-signal specialist, is looking for a further injection of capital.
The company is looking to build its market share after opening more sales offices in Asia and the US, as well as taking major consumer design wins including Microsoft's X-Box games console.
Julian Heyes, marketing director, says Wolfson is poised to add a third Taiwanese foundry partner — it already uses Chartered Semiconductor and Hynix — because consumer electronics clients continue to demand imaging and audio silicon despite the economic downturn.
"We also want to make sure there is ample capacity to grow," he added.
Heyes would not be drawn on whether the company will seek the extra funds through investment or debt. Wolfson's last publicly-announced call on the venture capital market was £2m it received in 1999.
The company believes it has appeal as one of the few companies that has experience in both the PC silicon and brown goods markets, as products such as the X-Box bridge the gap between the two sectors. Wolfson is also looking to be one of the first mixed-signal companies supporting upcoming standards such as Super Audio CD, the Philips and Sony-developed successor to PCM.
Wolfson currently has a headcount of 60 staff and a turnover of around £10m.