Reuters: Battery, TL Ventures Score Optichron Exit
March 21 (Reuters) - Chipmaker NetLogic Microsystems Inc said it will buy a privately held fabless semiconductor provider for an initial $77 million in cash, to expand its footprint in the 4G long-term evolution (LTE) market. Optichron Inc's advanced processors will support wider signal bandwidth, spectrum maximization and power efficiency for carriers deploying next-generation LTE, NetLogic said. "The exponential growth in mobile data traffic in the next five years, coupled with global spectrum scarcity, are forcing service providers and operators worldwide to push the limits on capacity and throughput for their limited spectrum," NetLogic said in a statement.
21 March 2011•1 min read
