Founded in 2001 as a spinoff of Raytheon, TelASIC had been developing hipsets targeted at the wireless infrastructure market. The company's chips provided low power, high performance wireless base station functionality and support for multiple wireless protocols, based on TelASIC's mixed signal analog to digital and digital to analog conversion technology. TelASIC was originally targeting its high performance data converters for imaging, test and measurement, wireless and wireline networking, broadband, and radar markets. Though the firm successfully raised almost $100M of capital, the firm eventually closed its doors some time during 2010-2012 recesiion
