Semiconductors - Friday, December 14, 2007
Atheros Pays $54M For GPSS Chip Maker u-Nav Microelectronics,
Santa Clara's Atheros Communications is buying Irvine-based u-Nav Microelectronics. Atheros says it will pay $54M; $15.4M in cash with the rest in stock. u-Nav makes the GPS chipset and software that powers the Casio Wristwatch Speed Meter for runners among other products. u-Nav's venture backers include iSherpa Capital, Nordic Venture Partners, and Shelter Capital Partners. Trimble (NASDAQ:TRMB) made a strategic investment in 2004.
Wristwatch with u-Nav enabled GPS
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