Zarlink invests $5 million in timing firm

LONDON – Zarlink Semiconductor Inc. has announced it has invested $5 million in Multigig Inc., a fabless chip company that provides clock generation and timing products for the wired and wireless communications markets.

The investment is part of a $10 million Series C round of financing that also included CMEA Capital and Sierra Ventures.

Multigig (Scotts Valley, Calif.), founded in 2000, will use the money to continue the development of its RotaryWave timing technology. RotaryWave delivers clocks with extremely low jitter for high-speed communication applications, Zarlink said.

"Multigig's timing technologies deliver performance, cost and power advantages across a widening range of telecom, communications, networking, server and storage applications," said Kirk Mandy, president and CEO of Zarlink (Ottawa, Ontario), in a statement.

Michael Canning, president and CEO of Multigig, said the Series C would help improve the integration and performance of RotaryWave.


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