Chip company specializing in CMOS radio devices raises $10M from investors including Samsung

December 17, 2003

1 Min Read

FREMONT, Calif. -- Athena Semiconductors, Inc. today announced it has closed its Series B preferred stock financing round totaling $10 million. Samsung Electronics Co., Ltd. led the current round and Needham Capital, a leading New York investment banking firm, also joined the round. Several existing investors, including Alliance Ventures, participated in the round as well. The new funding brings the total amount raised to date to $20 million, including $10 million from a Series A preferred stock financing round. Athena Semiconductors is a fabless integrated circuits (IC) company specializing in single-chip CMOS radio transceiver IC products. The company's products address rapidly growing broadband communications and convergence market needs for delivering video, audio and data services to wireless devices. The current round of funding will be used to bring the company's products to market, for sales and marketing efforts and for further product development. Athena Semiconductors Inc.

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