Startups to merge to form new analog chip venture
July 18, 2012 // Dylan McGrath
A pair of privately held chip startups that have taken more than $80 million in venture funding combined to date announced they would merge with a holding company to create Spectra7 Microsystems, a high-performance analog chip company for mobile infrastructure and consumer products.
Redmere (Cork, Ireland) is a provider of active cable semiconductors. Fresco Microchip (Toronto) is a provider of RF, analog and digital semiconductors for consumer devices, including TVs.
The companies said Spectra7 is being formed to address the demand for more bandwidth and lower costs in mobile and internet infrastructure equipment, including handsets, tablets, base stations and microwave backhaul systems. Using technology developed by RedMere and Fresco Microchip, Spectra7 will be positioned to provide new system level analog components that will deliver unprecedented bandwidth over fiber and copper links and address the wireless bandwidth bottlenecks in the mobile internet, the companies said. The combination of both companies will result in a capital investment to date of over $80 million, a significant portfolio of patents and development centers in four countries, according to the companies.All news
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