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Product category: Communications ICs (Wired)
News Release from: Frontier Silicon
Edited by the Electronicstalk Editorial Team on 25 May 2004

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Frontier Silicon has closed an investment of several million pounds from Nokia Venture Partners

The new funding will allow Frontier Silicon to further develop its market-leading products for DAB digital radio and digital television and strengthen its development team. Anthony Sethill, CEO of Frontier Silicon, said: "This is an important step for us, and we are extremely pleased to have Nokia Venture Partners as an investor".

" This investment will re-enforce our position in the market - we were first to develop and deliver complete turnkey systems for digital radio and TV comprising chips, software, intellectual property (IP) and modules, and now we are developing next generation products and systems to maintain our market lead".

Antti Kokkinen, General Partner at Nokia Venture Partners added: "We are excited by the growing market for digital multimedia technology, and impressed by the market dominance that Frontier Silicon has already achieved, becoming a significant part of the DAB digital radio revolution in Europe and Asia; with more and more countries adopting new digital broadcasting technologies, we also see excellent prospects for the company in other digital multimedia segments beyond DAB".

Frontier Silicon was established in 2001, and is privately funded.

Key shareholders include Apax Partners and Alta Berkeley, as well as Digital One, operator of one of the world's largest DAB digital radio networks, and Imagination Technologies, a leading supplier of semiconductor intellectual property for the multimedia and communications market.

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