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PRESS RELEASE Beceem Communications Announces C-Round Financing in Excess of $20 Million; Lead by Samsung Ventures Santa Clara, Calif., Dec. 12, 2005 - Beceem Communications (www.beceem.com), a leading provider of chipsets for Mobile 4G-WiMAX technology, today announced that it has received more than $20 million in C-round financing led by Samsung Ventures America, the US based venture capital investment arm for Samsung Venture Investment Corporation (SVIC). Beceem's existing investors -Global Catalyst Partners, KTB Ventures, Sequoia Capital, Walden International and Vinod Khosla also participated in this financing round. Additional C-round investments came from the AmBex Venture Group and Mitsui Incubase Corp. "This funding provides Beceem Communications with the financial resources to lead the Mobile 4G-WiMAX chipset market with our high performance, power-efficient terminal chipset products and infrastructure baseband solutions," said Shahin Hedayat, CEO of Beceem. "The addition of Samsung Ventures to our funding partners is key to our success as it gives Beceem access to world-class partners and customers through the network of Samsung Ventures." Beceem is a key contributor to the IEEE 802.16e standards effort and is also instrumental in defining the first Mobile 4G-WiMAX profile for the 4G-WiMAX ForumT. Beceem will accelerate its chipset product development and expects to be the first Mobile 4G-WiMAX chipset supplier to deliver a product that is fully compliant with the Mobile 4G-WiMAX profile. The company has already demonstrated its prototype chipsets to leading telecom equipment manufacturers that are participating in the development and deployment of Mobile 4G-WiMAX networks. "Our strategic investment in Beceem represents Samsung's commitment to Mobile 4G-WiMAX ," said Brian Kang, principal investment manager at Samsung Ventures America. "Beceem is a key player with leading edge solutions for the Mobile 4G-WiMAX space and we look forward to providing them with the resources to continue pioneering in the Mobile 4G-WiMAX market." About Beceem Communications 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 4G-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 please visit www.beceem.com “4G-WiMAX Forum” is a registered trademark of the WiMAX Forum. “WiMAX ,” the WiMAX Forum logo, "WiMAX Forum Certified," and the WiMAX Forum Certified logo are trademarks of the WiMAX Forum. All other trademarks are the properties of their respective owners. About Samsung Ventures America Samsung Ventures America manages US investment and investment-related activities for Samsung Group and Samsung Venture Investment Corporation from local offices in San Jose. The investment mandate for Samsung Ventures America tracks closely to the strategic priorities of various Samsung companies' core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics. Samsung Ventures America is currently actively investing in leading technology companies from a $300 million fund. Media Contacts Lars Johnsson Elizabeth Villanueva or Valerie Christopherson |
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