IPTV Chipmaker S3 Raises $12 Million
Dublin - Silicon & Software Systems (S3), a privately owned, Ireland-based IPTV and broadband chip specialist, announced that it has raised $12 million in venture capital financing. S3 said the investment, led by ACT Venture Capital, would allow it to develop its design capabilities and expand its operations in Asia, Europe and the U.S. Under the terms of the investment, Dutch firm Philips Electronics will maintain a strategic shareholding in S3 and continue to be a key customer and technology partner of the Irish company, S3 said.
http://www.s3group.com/news/27
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