Siemens AG has reduced its stake in chipmaker Infineon Technologies Inc. by selling 150 million shares, leaving Siemens with about a 20-percent stake in the semiconductor firm. Siemens had a 40-percent stake in the company. The decision comes as Infineon’s shares have been on the upswing and analysts expect the chipmaker to remain viable in the market. Infineon is the second-largest chipmaker in Europe. The sale will earn Siemens $770 million.
Atsana Semiconductor Corp. said it has raised $10 million in equity financing. The company, which makes multimedia processors for mobile phones and personal digital assistants, names such companies as Siemens Mobile Acceleration, GrowthWorks WV Funds, Covington Capital Corp. and Greenstone Venture Partners as some of the investors. “Atsana’s early leadership in a high-growth market made the company an attractive and logical investment choice,” said Les Lyall, senior VP of GrowthWorks.
Andrew Corp. said it has sold some of its wireless assets to Wireless Acquisition L.L.C. The sale includes the name and intellectual property of its Conifer brand, as well as all the assets located in its Scottsdale, Ariz.-based Broadband Wireless facility. The financials of the deal remain under wraps.
Paratek Microwave, provider of smart scanning antennas and miniaturized tunable radio-frequency front ends, said it has received $15 million in new Series B funding. In addition, $8.5 million of previously raised debt was converted into equity in conjunction with the funding. Paratek plans to use the funds to expand marketing and sales efforts and to expedite development of additional commercial products. Paratek also announced Robert Metcalfe, inventor of Ethernet and founder of 3Com Corp., has been named chairman of its board of directors. In addition, Warren Weiner has been made chief financial officer. Weiner co-founded wireless communications product maker PCSI/Cirrus Logic.
