Friday, September 5, 2008
Newport Media Gets Design Win
Lake Forest-based Newport Media, which develops semiconductors for broadcasting audio and video, has scored a design win with Longcheer Holdings LTD, a manufacturer of 2G and 3G cellular handsets. Longcheer Holdings said that it will use Newport Media's products for three different GSM/GPRS handsets, for digital television broadcasting (DVB) capability. Financial impact of the design win was not disclosed. Newport Media's chips are used by electronics firms to add DVB and other digital audio and mobile TV support. The firm is venture backed by DAG Ventures, Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures, and Venrock Associates.