Elan Microelectronics invested in a $19.5m round for spinoff Metanoia Communications, which is preparing to launch its latest broadband chipsets.

Taiwan-based broadband chipset manufacturer Metanoia Communications completed a $19.3m funding round on Sunday featuring its founding investor, semiconductor and computer touchpad manufacturer Elan Microelectronics.

The round was co-led by the Taiwanese government’s National Development Fund and venture capital firm Taiwania Capital.

Formed in 2004 as part of Elan Microelectronics, Metanoia provides chipsets and programmable software for use in network communications infrastructure and specifically systems that support higher-speed broadband.

The company initially focused on wired connectivity but plans to put the…

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