Peregrine Semi raises $14 million

Chipmaker Peregrine Semiconductor scooped up $14 million in its first round of funding, the company announced Wednesday. The round was led by Morgenthaler Ventures and Wasserstein Ventures. Other investors included APAX Partners, CSK Ventures, CDIB Ventures, H&Q Global Alliance, Intel Capital, Needham Capital Partners and Roser Ventures. Peregrine makes chips for wireless, satellite and broadband cable markets. The company plans to use the money to build the business and help it reach profitability.