VC-backed fabless semiconductor company Amalfi Semiconductor has agreed to be acquired by RF integrated circuits manufacturer RF Micro Devices (NASDAQ:RFMD) for $47.5 million in cash. RFMD will speed up market adoption of Amalfi's RF CMOS and mixed-signal ICs in the entry-level smartphone market. Amalfi investors include Battery Ventures, DCM, Fairbridge Venture Partners, Globespan Capital Partners, Gold Hill Capital and Trinity Ventures. Prior to the acquisition announcement, the company raised $76 million in equity financing.
Application Specific Semiconductors
Los Gatos, CA