T-Venture, the corporate venturing arm of telecommunications firm Deutsche Telekom, has exited Germany-based semiconductor manufacturer Lantiq, following the latter’s acquisition by semiconductor technology producer Intel in February 2015.
Lantiq manufactures semiconductor technology used in routers and DSL modems, helping to support internet of things technology for the home. It was spun out of semiconductor manufacturer Infineon Technologies in 2009, and received an undisclosed amount of investment from T-Venture in 2010.
Holger Wagner, senior investment manager at T-Venture, said: “For a long time already, T-Venture has been intentionally investing in technology companies that focus on core components for the major markets of the future.
“Regarding Lantiq, this was largely in the context of the ever growing demands of broadband communication, especially in the smart home sector.
“We, as Deutsche Telekom, had been working very closely with the Lantiq’s precursory organisation at that point in time and recognised the great potential, and that is why we invested in the spin-off.”