Zarlink invests in Multigig to help accelerate development of next-generation timing technologies

OTTAWA, CANADA: Zarlink Semiconductor and Multigig Inc. announced that Zarlink has invested $5 million as part of a $10 million Series C financing in Multigig, a fabless semiconductor company that provides advanced clock generation and timing products for the wired and wireless communications markets. CMEA Capital and Sierra Ventures also participated in the financing.

Multigig will use the financing to invest in the continuing development of its RotaryWave timing technology. RotaryWave technology delivers clocks with extremely low jitter for high-speed communication applications.

"There is growing demand for new timing technologies for wired and wireless applications," said Kirk Mandy, president and CEO, Zarlink Semiconductor. "Multigig's timing technologies deliver performance, cost and power advantages across a widening range of telecom, communications, networking, server and storage applications."

"Multigig is pleased to have Zarlink as a strategic investor in our Series C financing," said Michael Canning, president and CEO, Multigig. "Our current products represent a significant advance in timing technology. However, there is much more that we can achieve with RotaryWave in terms of increased integration and improved performance. This Series C financing will help us reach that goal."