SiGe Semiconductor, a supplier of RF front-end solutions for wireless systems, has raised US$19.5 million in an expansion round of financing. The investment will fund new product development from conception to launch, as well as the growth of operations in support of the company's expanding global customer base.

TD Capital, Prism Venture Partners, VenGrowth Private Equity Partners and 3i Technology Partners led the round, joined by previous investors including, Hunt Ventures, RWI Group, GrowthWorks, and Vista Ventures.

"We are very pleased with the continued support by our investors," said Jim Derbyshire, CEO and chairman, SiGe Semiconductor. "This funding will be instrumental in bringing new products to market and expanding our portfolio to address high-growth opportunities in the cellular, GPS and WiMAX markets. We also plan to scale operations accordingly to support the growing demand for our products worldwide."

Investors are attracted by SiGe Semiconductor's revenue growth, from $3.6 million in 2003 to $31.8 million in 2005. The company continues to grow in 2006, as revenues for the six months ended June 30, 2006, were $23 million, as compared to $11.9 million for the same period in 2005. As a result, the company currently holds a major share of the market for WLAN power amplifiers and is quickly gaining traction in the GPS, Bluetooth, and WiMAX segments. The company has shipped more than 100 million ICs to customers and partners, including Arris Interactive, Askey, Broadcom, Cybertan, Foxconn, Furuno, Garmin, Gemtek, Mitsumi, Samsung, Tecom, Tyco, and USI.

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