SiGe Semiconductor announced that it has raised US $20 million in an expansion round of financing. Samsung Ventures, the US-based venture capital investment arm for Samsung Venture Investment Corporation (SVIC), joins as a strategic investor participating in this round. The capital will fund expansion of SiGe Semiconductor's product lines supporting the Wi-Fi, WiMAX and GPS markets.
Samsung Ventures joins returning investors 3i Venture Capital, Prism VentureWorks, TD Capital Ventures, VenGrowth Private Equity Partners, RWI Ventures and GrowthWorks. With the completion of the expansion round, SiGe Semiconductor also welcomes two new board members: Bill Byun, managing director, Samsung Ventures, and Jim McLean, partner, 3i Venture Capital. Jim McLean replaces Sean Brownlee who previously served as 3i's representative on the board.
Wi-Fi RF front-end chip slashes size, cuts cost
2.4-GHz amplifier features power detector
SiGe receivers enable navigation in mobile handsets