Israeli WiMAX Chip Maker Nets $22M

Medford, Cassimir
September 2008
Red Herring;9/23/2008, p6
Trade Publication
The article reveals that Altair Semiconductor, a Worldwide Interoperability for Microwave Access (WiMAX) chip maker, has successfully raised $22 million from a funding deal involving an international cast of investors. This new funding source consists of a combined equity and credit investment. Particular focus is given to the investments made by Google, Comcast, Time Warner Cable, and Bright House in a nationwide U.S. WiMAX network. Altair is focused on the market for mobile handsets that feature small size and lower power consumption.


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