Oplus raises $10 million for flat TV chip business

Venture capital firms Benchmark Capital and BRM Capital led the round, with Giza Venture Capital participating. The funding is earmarked for increased R&D, expanded sales and marketing activities, and to fund the opening of offices in Asia and the US, the company said.

Oplus has two chips on the market, called Rembrandt and Matisse, which have been used in many plasma displays, LCD-TVs and digital projectors, Oplus said.