The novel low-power and low-EMI-noise current-mode data transceiver described here, which has a multilevel current driver in the transmitter (TX) and a low-input impedance I-V converter in the receiver (RX). No-feedback clock recovery in the RX is achieved by using multi-levels of a driving current from TX to specify a single bit boundary. The I-V converter suppresses voltage swing in the transmission line and generates a multi-level voltage signal according to the level of the submilliampere driving current it receives. Measurement shows a small voltage swing (≈20mV) with 150-μA and 450-μA drive currents at 625Mbps. The simple clock-recovery system and low driving current allow the transceiver to operate with a single 1.5-V power supply and use only 3.5mW at 625Mbps.