MindSpeed accelerates growth with PicoChip purchase

Jan 8, 2012 • Robert Lavine

PicoChip, a semiconductor technology firm backed by Intel, AT&T and Samsung, has been acquired by semiconductor corporation Mindspeed Technologies for more than $50m.

Semiconductor technology manufacturer Mindspeed Technologies acquired PicoChip, a UK-based developer of semiconductor and signal processing mobile voice and data technology, on Thursday, for $51.8m with a $25m payout to potentially to come in the first quarter of 2013.

Mindspeed had previously raised about $110.5m over half a dozen rounds from semiconductor manufacturer Intel’s corporate venturing unit, electronics conglomerate Samsung, telecommunications corporation AT&T, financial services firm Rothschild Gestion, venture capital (VC) firms Atlas Venture, Highland Capital Partners and Scottish Equity Partners,…

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