Utah chipmaker SliceX's new CEO Yusuf Haque has successfully completed a $15 million second
round led by Crosslink Capital. The company will use the new money to complete design of high-end mixed signal chips as it shifts focus from intellectual property development to fabless production.
After 22 years at analog specialist Maxim Integrated Products, where he most recently headed a large signal processing unit, Haque began began talking to venture capitalists about forming a startup. But after being introduced to SliceX and talking to previous investors General Catalyst Partners and Blue Run Ventures, he jumped on the opportunity to take an existing team with experience working together and joined the company as CEO in January.
"I was always in a large company and had taken businesses and grown them, but had never started, never run, a company," Haque says. "I talked to a lot of VCs about starting a company, but I knew I would need a team, and I didn't want to take them from Maxim. So when I ran into SliceX and their backers, I saw the chance to get to work immediately on some very interesting ideas."
SliceX remains in stealth mode, and Haque would only say that the company is working on analog technology required in many sophisticated communications and graphics areas, focusing on chips for use in industrial equipment, automotive, and medical markets. The company expects to ship high-end mixed-signal products in 2009.
-- Clifford CarlsenSee Aug. 7 press release from SliceX Inc.For more see
EETimes and
Silicon Valley Wire
Continue reading below
