Maxim Integrated Products, a Nasdaq-listed chipmaker has made its first strategic investment from its corporate venturing unit since hiring Yoon Choi from Korea-based conglomerate Samsung’s investment company.
Through its Corporate Ventures Group, Maxim provided an undisclosed amount to Scintera Networks, a US-based provider of adaptive signal processing solutions for wireless communications, as part of a partnership to deploy power-efficient small cell base stations.
Matt Murphy, senior vice-president of Maxim’s Communications and Power Solutions Group, said: “The cellular industry has signaled a critical need for smaller, power-efficient base stations. Maxim is fully committed to providing our customers with innovative RF solutions and solving the coverage and capacity challenges the industry is facing today.”
Maxim had previously invested in display company Pixtronix, which was acquired by chip company Qualcomm late last year for a reported $175m, after raising a final $4m that summer.