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Dealipedia - Amalfi Semiconductor receives an investment from Battery Ventures...

Amalfi Semiconductor receives a $19.802172 million investment

Deal Participants:
Company: Amalfi Semiconductor View Profile Charts Homepage
Investors: Battery Ventures View Profile Charts Homepage
DCM Capital View Profile Charts Homepage
Globespan Capital Partners View Profile Charts Homepage
Deal Financials:
Investment Amount: $ 19.802172 million
Series:
Date:
Announced: Apr 26, 2012

PRESS RELEASE - Amalfi Semiconductor receives a $19.802172 million investment

Amalfi® Semiconductor, an emerging leader in cost effective, high performance power amplifier solutions for cellular handsets, today announced that it has raised an additional $20 million from existing investors Battery Ventures, DCM and Globespan Capital Partners. Amalfi plans to use the funds to expand its business operations and accelerate new product development programs of its next-generation CMOS power amplifier technologies.

“Amalfi is experiencing tremendous growth with worldwide Tier 1 and China ODM handset customers, in addition to having a strong CMOS integration roadmap for the 3G market. This commitment from our existing investors demonstrates the confidence they have in our ability to deliver disruptive technology,” stated Mark Foley, CEO and President at Amalfi. “We’ve had a tremendous year and a dramatic ramp up in the adoption of our products. As we grow rapidly, this additional funding accelerates our next phase of product development, while allowing us to guarantee exceptional customer service.”

With over 75 million transmit modules shipped, Amalfi is the industry’s leading CMOS power amplifier company. Amalfi’s current technology is primarily targeted for use in entry-level and ultra-low cost 2G GSM/GPRS cellular handsets in emerging markets. The company introduced its first family of CMOS-based 2G GSM/GPRS transmit module (TxM) integrated circuits (IC) in 2009. In August 2011, Amalfi launched its second-generation AdaptiveRF™ architecture, designed to deliver industry-leading performance at significantly reduced costs compared to traditional GaAs-based modules.

“We have clearly been able to demonstrate the benefits of our CMOS technology at the 2G level,” added Foley. “We will further drive these price and performance benefits for feature and entry-level smartphones while introducing new advanced products that apply these same CMOS integration benefits to 3G and LTE mobile phones and data terminals.”

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Apr 26 '12
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