WiFi-radio chip maker raises £16 million

Watford, a small town north of London, home to a mediocre soccer team, but young and talented midfielder, Ashley Young, is also home for Frontier Silicon, a specialist in products for digital media gear for the home and for the road. We wrote a couple of weeks ago about the emergence of WiFi radio, and it is good to see a company that makes chips for WiFi radio and mobile TV secure an investment of £16 million in its latest financing round, which was led by new investor Mitsui Private Equity. Frontier Silicon's CEO Anthony Sethill is correct to note that "This investment is a confirmation of our strategy."

Frontier Silicon has shipped more than one million ICs for mobile TV-enabled cellular handsets, and the company owns a portfolio of solutions supporting multiple standards including DVB-H, T-DMB, and DAB-IP. Note that the company also has more than 70 percent of the DAB receiver market, and it has recently launched a new mass-market WiFi radio receiver which adds Internet radio and network audio streaming capability to mass-market audio products. "We are also very confident about our new WiFi radio solution which is helping to create a new segment in the digital audio market; one that is predicted to boom over the coming few years," said Sethill.

For more on Frontier Silicon:
- see this company press release