IDG Ventures Korea, Hanmi Venture Capital and Tongyang Venture Capital invest $4 million in Xronet, a South Korean Mobile WiMAX solution provider which has developed core WiBro chips since September 2005.
IDG Ventures says, "We considered growth potential of Mobile WiMAX and Xronet's technology and human resources before making the final decision."
The investment decision indicates Xronet's technology prowess and potential, according to the chip maker which is planning to make bold steps toward foreign markets.
Meanwhile, Xronet developed XRO7100, a single chip combining XRO3000 RF chipset for radio communication, XRO7000 that serves as a base-band, and XRO3300 integrating the functions of a power amp, a switch and an LNA(Low Noise Amp).
XRO7100 satisfies the power-saving requirement which is important for a mobile modem chip and supports a number of frequency bands so that it can be used in North America, Japan, Taiwan and Southeast Asia as well as in Korea. Unlike a power amp module used in Mobile WiMAX, XRO3300 is embedded with a switch and an LNA, which is expected to result in smaller size of the final products and lower production cost.
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