A passive equalizer circuit incorporated at a front-end of an integrated receiver circuit uses passive components that are distributed between inside and outside of an integrated circuit package. The passive equalizer circuit has off-chip components that are placed on a printed circuit board and on-chip components that are fabricated on a common integrated circuit die as a receiver chip. The on-chip components include one or more variable resistors for adjusting a degree of equalization. The off-chip components include one or more resistors for fine tuning input impedance matching of the integrated receiver circuit.