Tuesday, November 11, 2008

Victor Tsao Invests In Israeli Semi Firm

Victor Tsao, who founded and sold Orange County-based Linksys to Cisco for approximately $500M in 2003, has made an investment in a Israeli semiconductor firm developing chips for multimedia WiFi home networking. According to Celeno Communications, Tsao has invested in the firm and has joined the company's advisory board. Financial terms of the investment were not disclosed. Tsao is investing alongside Greylock Israel, a venture firm where Tsao also serves as special advisor. Tsao founded and bootstrapped Linksys along with his wife Janie Tsao.