Saturday, October 21, 2006

Wireless Chip Designer WiSpry Raises $13.5M

Irvine-based WiSpry Inc., a startup designer of chips for wireless phones, has raised $13.5 million in a second round of venture financing.

The funding brings WiSpry’s total raised to $22 million, including a venture round last year and seed money after the company’s 2002 start.

WiSpry is looking to get its chips into the hands of top phone makers—Nokia Corp., Motorola Inc., Sony Ericsson Mobile Communications AB and Samsung Corp.

It also wants to land them with bigger chipmakers that sell to phone makers, including potential rivals RF Micro Devices Inc. of North Carolina and Massachusetts’ Skyworks Solutions Inc., which has operations in Irvine.

Source: Orange County Business Journal

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