HDMI cable manufacturer RedMere and Fresco Microchip agreed to combine with...
HDMI cable manufacturer RedMere and Fresco Microchip agreed to combine with Chrysalis Capital VIII to form new semiconductor company, Spectra7 Microsystems, they said Tuesday. The combined company plans to focus on new bandwidth solutions for mobile and consumer products the…
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firms say will address increasing bandwidth demand while also lowering costs. “The mobile internet has an insatiable appetite for bandwidth -- growing almost 20 fold in the next four years, with connection speeds increasing 10 fold at the same time,” RedMere CEO Tony Stelliga said in a news release. “As a result, smartphones, tablets and the wireless infrastructure require new analog signal processing technology.” Along with an existing capital investment of $80 million between RedMere and Fresco, Spectra7 is expected to raise $10 million in venture capital equity.