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Electronics Production | February 21, 2006

Lime Micro raises $560,000

U.K. based startup firm Lime Microsystems has raised $560,000 in fundings.
The investor Prelude Trust plc. invested the fundings in the fabless semiconductor company Lime Microsystems which is developing mixed signal RF chips for wireless applications.

“Wireless broadband data is currently limited to WiFi although new and enhanced services are being planned. We believe Lime's proprietary technology will enable the roll-out of some of those new offerings,” said Alan Duncan a director of both Prelude and Lime Microsystems, in a statement issued by Prelude.

“Although at an early stage, we expect Lime to be sampling its first chips in 2006 and to be supplying in volume the following year. We foresee a major opportunity in broadband wireless RF chips and believe Lime has the technology that will enable it to establish the leading position in these growth markets,” he also said.
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