Former Wolfson chief Milne named chairman of Elonics
Published Date:
08 September 2008
By Jane Bradley
DAVID Milne, the founder and former chief executive of chip maker Wolfson Microelectronics, has joined the board of semiconductor firm Elonics.
The appointment as non-executive chairman of the Livingston technology firm will be the first for Milne since he stepped down from his position at Wolfson last year.
Milne took a stake in Elonics in June, when he joined Wolfson former chairman John Carey in a group of investors who pumped $1 million into the fledgling company.
Elonics chief executive David Srodzinski said: "David comes with a wealth of hands-on experience, understanding both the high volume semiconductor business and how to build a company to address it."
Founded in 2003, Elonics has designed a silicon radio frequency tuner, used to convert signals into sound and pictures. The company is targeting manufacturers of portable televisions and TV enabled mobile phones.
In February, a group including Stagecoach founder Brian Souter and Quick-Fit founder Sir Tom Farmer invested around $2m into Elonics. Elonics is expected to announce today that it is hoping to raise up to $4m from similar funding sources early next year.
The full article contains 192 words and appears in The Scotsman newspaper.
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Last Updated:
07 September 2008 9:01 PM
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Source:
The Scotsman
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Location:
Edinburgh
