Singapore-based Semitech today announced that the company has raised $3.4 million AUS — incidentally nearly the same USD amount due to current exchange rates — with an option for up to $6 million more for a total possible haul of $9 million. The Series A round was led by Melbourne, Australia’s Cleantech Ventures. The startup […]
Broadcom bags Beceem as 4G smart grid networking beckons
Broadcom chips are common in mobile and telecom gear, particularly smartphones, networking adapters and tablets where connectivity to 3G and wireless networks is a must. Now the company has its sights set on (WiMAX and LTE) by acquiring privately-held Beceem, a 4G networking chipmaker, for $316 million. Santa Clara, Calif.-based Beceem is an attractive target […]
