MUNICH, Germany Samsung participates in the D-round for funding fabless chip vendor picoChip (Bath, England). The value of the funding round is $27 million. Samsung's investment, however, has not been disclosed.
The Korean electronics group is interested in the manufacturer of multi-core DSPs because picoChip's products aim at applications in 3G mobile network and WiMAX base stations. Samsung manufactures these base stations.
"Samsung is a world leader in wireless infrastructure, and it is a testament to picoChip's prominence as a silicon vendor for this market that Samsung has chosen to invest in us", said picoChip CEO Guillaume d'Eyssautier.
Brian Kang, principal investment manager at Samsung Ventures America, called the company's investment in picoChip strategic. "It represents Samsung's commitment to advanced wireless," Kang said.
The Samsung investment forms part of the new investment D-round led by Highland Capital Partners. The round has brought the total company founding to $70.5 million. Besides multicore DSPs, picoChip also provides reference designs for WiMAX and HSDPA femtocell, picocell and macrocell reference designs.