Beceem Communications Receives
Substantial Investment From Intel Capital
Santa Clara , CA, March 6, 2006 -
Beceem Communications, a leading provider
of chipsets for Mobile WiMAX technology,
today announced that it has received a substantial
investment from Intel Capital, the venture
capital investment arm for Intel Corporation.
The two companies will also work together
to strengthen the Mobile WiMAX ecosystem
and ensure that leading operators will have
high-performance terminal solutions available
to demonstrate the significant advantages
of Mobile WiMAX .
"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 & Co-founder of Beceem. "The
success of WiMAX as technology of choice
for the Mobile Broadband market creates mutual
benefits for both companies."
"The 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," said Sriram Viswanathan, VP
and managing director of Intel Capital. "This
investment from Intel Capital underscores
our commitment to a vibrant ecosystem that
has multiple product sources at all levels."
Beceem has been a key contributor to the
IEEE 802.16e standards effort and has also
been instrumental in defining the first Mobile
WiMAX profile for the WiMAX ForumT. The company
has demonstrated its prototype chipsets to
leading telecom equipment manufacturers that
are developing and deploying Mobile WiMAX
solutions, and has announced commercial availability
of its Mobile WiMAX terminal chipset.
About Intel Capital
Intel
Capital, Intel's venture capital organization,
makes equity investments and strategic acquisitions
to stimulate technology growth and advance
how people work and live. Intel Capital's
mission is to find and support innovative
companies worldwide. It invests in technology
companies targeting digital entertainment,
enterprise computing, networking and communications,
software development and manufacturing.
Created in 1991, Intel Capital has invested
more than US$4 billion in approximately 1,000
companies in more than 30 countries through
2005. During this time, about 160 portfolio
companies have been acquired by other companies
and another 150 have gone public on various
exchanges around the world. Intel Capital
currently employs investment managers in
about 25 countries worldwide. In 2005, Intel
Capital invested about US$265 million in
about 140 deals, with approximately 60 percent
of dollars invested outside the U.S. For
more information, visit www.intelcapital.com.
About Beceem Communications Inc.
Beceem
Communications Inc. was founded in October
2003 with the goal of building a wireless
technology company offering semiconductor
solutions for the wireless broadband market.
Beceem is the leading supplier of chipsets
for the recently ratified, IEEE 802.16e standard
on which Mobile WiMAX is based. The company's
solutions target both base station and subscriber
terminal applications. Beceem combines an
experienced management team with strong technology
leadership and seasoned Silicon Valley investors,
along with a world class team of engineers.
For more information, visit www.beceem.com.
|
