BELFAST-BASED Amphion has secured $5million of investment, it was revealed yesterday.

The Republic’s ACT Venture Capital led the funding round, which included funding from existing investors Apax Partners’ Funds and Enterprise Equity, and further investment from Invest NI.

Amphion, which designs the silicon chips which power the most up- to-date technology in a range of products, said the funding would enable it to expand sales and support innovation.

“We are delighted to have investors of this calibre help us build the company,” said Dr. JG Doherty, ceo of Amphion.

“Moving forward, our focus is on delivering the high value solutions from our strategic roadmap that customers have identified as essential to their own future success.”

Invest NI chairman Prof Fabian Monds added: “Amphion, one of Northern Ireland’s most important advanced technology-led businesses, is an excellent example of how our business support principles can be applied in conjunction with funding from venture capitalists. This has provided a business solution that will enable the company to continue its investment in innovative products that are being demanded increasingly by the global electronics industry.”