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Seeweekly news
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2005-11-30 |
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R Capital Technologies invests nearly 5M Euro in Chipidea |
R Capital Technologies, a leading international venture capital fund managed by Rothschild invested nearly 5M Euro in Chipidea, an analog and mixed-signal semiconductor solutions provider.
Chipidea has developed one of the largest analog and mixed-signal technology portfolios in the world, ranging from precision single-function blocks to full analog sub-systems for communications, multimedia and power management applications. Founded in 1997, Chipidea now employs over 200 people based in Europe, Asia and North America. The company's headquarters is Lisbon, Portugal.
Chipidea is profitable with double-digit growth figures in 2004, almost double that of the previous year. The company's key products target fast- growing market segments such as wireless communications, digital media and consumer electronics.
In addition to developing its IP business, Chipidea has been working on the launch of semiconductor products under a fabless chip company business model. Product development is underway, and product announcements will be done towards the beginning of 2006.
Jose Franca, co-founder and CEO of Chipidea, commented: "We are delighted to welcome Rothschild as financial partner to Chipidea. Once again, this investment reinforces Chipidea's strong shareholders base that leverages our position business."
Jean-Michel Beghin, Partner of R Capital Technologies, commented: "With such an outstanding blue chip customer base that strongly drives Chipidea's development in analog, Chipidea is in the path of rapid growth and success. Indeed its aggressive strategy combined with its long term and repeated relations with the who's who in the semiconductor industry excel in the market." |
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