Elonics has secured a further $1m of series-A funding and amongst the new investors in the Scottish CMOS RF chip developer is David Milne, co-founder and former CEO of Wolfson Microelectronics.
“As a long time proponent of an indigenous Scottish semiconductor industry, I am very pleased to see companies such as Elonics attempting to follow in the footsteps of companies such as Wolfson Microelectronics who have developed global businesses from bases here in Scotland,” said Milne.
The five year old company is designing RF front-end chips in CMOS for use in digital TV and radio receivers.
“It is an endorsement of our belief that our strategy of targeting the emerging market for broadcast TV and radio for portable consumer electronics devices with flexible CMOS RF tuners is fundamentally sound,” said Elonics CEO David Srodzinski.
“This is an exciting time for the team as we begin to put in place the foundations to grow a global semiconductor business,” said Srodzinski.
According to Milne, the Scottish company’s CMOS technology has “tremendous potential”.
Other investors include John Carey, co-founder of AMD and former chairman of Wolfson Microelectronics, and technology investors Liz Sharpe, John Gray and Irene Buchanan.