Intel Capital invests in Beceem Communications
March 06, 2006
Beceem Communications Inc., a provider of chipsets for Mobile WiMAX technology, said Monday that it has received a significant investment from Intel Capital, the venture capital arm of Intel Corp.
Neither Beceem or Intel Capital would disclose the amount of funding. Both companies are based in Santa Clara.
"This collaboration is aimed to accelerate the trial and deployment of Mobile WiMAX networks and establish Mobile WiMax as the highest performance, most spectrally efficient wireless broadband technology available," said Shahin Hedayat, CEO and co-founder of Beceem, in a release.
"This collaboration with Beceem underscores Intel's philosophy that the early availability of high performance chipset solutions is important for the adoption of Mobile WiMAX by operators," added Sriram Viswanathan, vice president and managing director of Intel Capital.
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