ApaceWave to begin volume shipments of WiMAX chips in 2007

February 17, 2006

ApaceWave Technology, a Silicon Valley-based broadband wireless solution provider, is expected to start production of WiMAX chips by the end of this year, with volume shipments slated to begin in 2007, according to company sources.

The development of the company’s WiMAX chips is expected to gain momentum, now that the company has received all of its first round of venture-capital funds, totaling US$12 million, from investors who include Venrock Associates and Doll Capital of the US, as well as WK Associates and the Fortune Consulting Group of Taiwan, the sources indicated.

To accelerate its development projects, the company plans to expand its R&D team in Silicon Valley from 12 to 30 members in the near term. It also plans to establish R&D teams in Taiwan and China, with a combined staff of about 80 persons, the sources noted.

With Gwong-Yih Lee, the company’s president and CEO, having recently been elected an independent director of Taiwan-based CyberTAN Technologies, ApaceWave is expected to tie up with local makers to promote its WiMAX chips, according to sources at Taiwan broadband network-equipment makers.