Product category:
Analogue and Mixed Signal ICs
News Release from: Wolfson Microelectronics
Edited by the Electronicstalk Editorial
Team on 16 November 2001
More money for Wolfson's expansion
Wolfson Microelectronics has secured mezzanine funding of $5.07 million from WestLB, $2m from Sanyo and $600k from existing shareholders in the form of preference shares.
Wolfson Microelectronics has secured mezzanine funding of $5.07 million from WestLB, $2m from Sanyo and $600k from existing shareholders in the form of preference shares The investment will fund the expansion of the company's worldwide sales and marketing efforts, with increased emphasis on the USA, and finance the company's ongoing product support and development
This article was originally published on Electronicstalk on 13 Apr 2001 at 8.00am (UK)
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According to David Milne, Wolfson's managing director, the company is prospering in spite of the current economic climate by focusing on bringing its core competencies to the high growth digital consumer markets.
"Our new products for emerging portable multimedia and broadband wireless communications are creating excitement with our key customers.
We've formed some strong strategic partnerships and joint development deals that enable us to provide our high-performance mixed-signal devices to a number of new markets.
The investments announced today will be targeted at expanding our product portfolio and accelerating our business development".
Wolfson Microelectronics is already strongly positioned in the digital imaging and audio arenas.
Recent announcements introduced the company's plans to expand into the automotive entertainment and telematics markets in partnership with Sanyo.
The company is focusing its attention on a number of emerging digital consumer applications and the investments will enable Wolfson to place additional emphasis on developing and supporting the products for these new market areas.
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