Ambiq Micro To Move From Michigan, Says Talent is in Texas

11/13/10

Ambiq Micro, an Ann Arbor, MI, startup developing low-power microcontrollers for smart credit cards and ultralong-life sensors for homes and buildings, is moving out of its lab space at the University of Michigan to new offices in Austin, TX.

The decision, first reported by AnnArbor.com, comes just a few days after Ambiq Micro announced it attracted $2.4 million in seed funding from investors led by DFJ Mercury, based in Houston.

Ambiq Micro CEO Scott Hanson told AnnArbor.com that DFJ Mercury did not pressure the company to move to Texas, but the decision was based on “where the highest concentration of talent is for our business.”

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