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Newport Media Secures Venture Capital Debt

Thursday, December 20, 2012 5:56:00 AM PDT | VentureDeal
   Lake forest, California  --  Semiconductor technology company Newport Media has garnered $10 million in new venture capital debt financing.

Newport is a fabless semiconductor company that focuses on integrated solutions for digital audio and mobile TV broadcasting applications.

Horizon Technology Finance and Bridge Bank made the loan.

Newport said it would use the funding proceeds to support its growth initiatives.

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