Microchip Tech Buys ZeroG Wireless
Microchip Technology Inc. (Nasdaq: MCHP) has acquired ZeroG Wireless Inc., a Sunnyvale, Calif.-based developer of low-power WiFi chips. No financial terms were disclosed, although VentureWire characterized the deal as a "fire sale" after ZeroG investors proved unwilling to keep backing the company. ZeroG raised around $30 million from Battery Ventures, Greylock Partners, Morgenthaler Ventures and Cisco Systems.
11 January 2010•3 mins read
