Lattice Semiconductor, a Nasdaq-listed chip maker, has agreed to buy corporate venturing-backed peer SiliconBlue Technologies for $62m in cash, or apparently less than the venture capital backing it had received in the past five years.
Founded in 2006, SiliconBlue has sold more than 10 million chips for consumer handheld devices and raised money from venture capital firms BlueRun Ventures (which spun off from phone maker Nokia in 2005), Crosslink Capital, NEA, Apex Venture Partners and Atlantic Bridge and trade peer Taiwan Semiconductor Manufacturing Company (TSMC).
In June, SiliconBlue raised $18m for its series D round, 12 months after its previous $15m round.
SiliconBlue previously raised $24m in its series B round in October 2008 and $16m at launch in 2006.