TeleCIS Sells Assets to Qualcomm

TeleCIS Wireless Inc., a Campbell, Calif.-based developer of WiMAX fixed and portable broadband wireless chips, has sold its 16e WiMAX mobile SoC technology to Qualcomm. No financial terms were disclosed. TeleCIS has raised over $14 million in VC funding from ATA Ventures, Samsung Ventures, Bokwang Investment Corp., Korea Technology Investment Corp. and TurboTek Co. Ltd.