Intel invests in UK chip-design firm

03 Jul 2007 13:55

Start-up Mirics will receive management and technical advice from Intel as part of the $10m deal

Intel has invested $10m (£5m) in UK chip-design company Mirics Semiconductor.

Mirics, based in Hampshire, has developed radio-frequency chips that allow mobiles and PCs to receive content based on any number of technical standards being used globally.

Intel will give the UK company management and technical advice, and introduce Mirics to potential investors.

Simon Atkinson, chief executive and founder of Mirics Semiconductor, said there is a huge global interest in addressing the technological challenges facing mobile broadcast and the company needs to be able to get its product to market, particularly in Asia Pacific countries.

Intel has been pouring cash into chip-making facilities of late, including a plant in China and a $300m (£150m) chip-testing factory in Vietnam.

Story URL: http://news.zdnet.co.uk/hardware/0,1000000091,39287837,00.htm