Motorola Ventures invests in media chip maker Zenverge
By APWednesday, February 10, 2010
Motorola Ventures invests in Zenverge
SAN FRANCISCO — Motorola Inc. said Wednesday that it invested in privately held chip maker Zenverge Inc. through its venture capital arm, Motorola Ventures.
Financial terms of the mobile phone maker’s investment was not disclosed. Current Zenverge investors DCM and Northwest Venture Partners also contributed financing, Motorola said.
Zenverge makes media integrated circuits that are used in devices like HD televisions, Blu-ray players and PCs.
Motorola shares rose 11 cents to $6.65 in afternoon trading.
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