San Jose-based Ceva, which licenses digital signal processor cores, global positioning systems, multimedia and storage platforms to the semiconductor industry, dissociate from its associated product line and GPS technology to a new U.S.-based fabless company, GloNav in reciprocation for an equity ownership of almost twenty percent in GlovNav.



GloNav is economically supported by Atlantic Bridge Ventures. This firm has made an investment of $16.2 million. According to Ceva, GloNav concomitantly got the assets, the radio frequency technology and team of fabless semiconductor company RFDomus Inc, which is lying in Long Beach.



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