U.S. Venture Partners, Tallwood Venture Capital and VentureTech Alliance anticipate market demand for Axiom’s emerging CMOS PA technology

ORANGE, Calif., Jan. 23, 2003 — Axiom Microdevices Inc., providers of the world’s first fully integrated complementary metal oxide semiconductor (CMOS) power amplifier (PA), today announced it has raised $10.5 million in Series A financing. U.S. Venture Partner (USVP) led the round and included an additional investment from Tallwood Venture Capital and VentureTech Alliance.

Proceeds from the Series A financing are being used to support the development, production and customer acquisition strategy for Axiom’s landmark radio frequency (RF) technology products for the cellular phone market. Axiom’s technology uses commodity CMOS processes as a base to create products that yield cost and production efficiencies.

"Axiom combines a great technology for which there is real demand with a management team that can execute on the opportunity," said David Liddle, general partner, USVP.

"Our ability to secure financing is evidence of the innovation of our technology and the expected demand for it by the world’s cellular phone manufacturers," said Ali Hajimiri, chairman of Axiom’s technical advisory board and company co-founder.