Startup Funding: April 2021
April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B.
Semi & design
Guosheng Capital,
Haier Financial, and
W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this year.
Minister Troy signs EU Joint Declaration on Processors and Semiconductor Technologies Ireland committed to work together with European Member States to bolster Europe’s processor and semiconductor ecosystem Declaration aims to expand industrial presence across microelectronic supply chain to address key technological, security and societal challenges
This week Robert Troy TD, Minister for Trade Promotion, Digital and Company Law signed the Joint Declaration on Processors and Semiconductor Technologies. By signing, Ireland, along with 21 other Member States, agrees to work together in order to bolster Europe’s processor and semiconductor ecosystem.
The aim of the Declaration is to expand industrial presence across the microelectronics supply chain, in order to address key technological, security and societal challenges. Through the Declaration, Member States also agree to work together to strengthen Europe’s capabilities to design
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ITHACA, N.Y., April 23, 2021 /PRNewswire/ Odyssey Semiconductor Technologies, Inc. ( Odyssey , Odyssey Semiconductor , or the Company ), a semiconductor device company developing innovative high-voltage power switching components based on proprietary Gallium Nitride (GaN) processing technology, today announced Odyssey insiders have provided more than 8.5% of the company s ongoing fundraising at $4 per share.
The company announced earlier this month it had raised $5 million (1.25 million shares at $4.00 per share) in a common stock private placement. The financing round will further fund the development and production of high-voltage vertically-conducting GaN power-switching devices.
Recent Business Highlights
Revenues for fiscal year 2020 were $1.374 million.
Odyssey Semiconductor Technologies, Inc (OTCQB: ODII) Insiders Contribute 8 5% of Funding at $4 per Share prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Intrinsic closes £1.35m seed funding round Intrinsic Semiconductor Technologies has announced the close of a £1.35m seed funding round led by investors UCL Technology Fund and IP Group.
The funding is intended to help Intrinsic disrupt the $60bn non-volatile memory market by partnering with semiconductor research foundry, imec in Belgium, to develop prototypes of its proprietary nonvolatile memory devices using industry standard âcomplementary metal oxide semiconductorâ (CMOS) processing on 300mm silicon wafers.
Non-volatile memory is used in a large and ever-increasing range of electronic products. It is the permanent memory used in smartphones, laptops, USB sticks, cameras, SSD hard drives etc. and is based on the technology known as âFlashâ memory.