Published:2012/7/24 1:33:00 Author:Ecco From:SeekIC
The Global Semiconductor Alliance indicated that venture capital investments in semiconductor companies fell 76.2 percent to $32 million in June. Comparing to VC spending in June 2011, the decline was an even steeper 81 percent.
Five chip companies got funding in June with decreasing from ten in May and eight in June 2011. Sand 9 Inc., a U.S.-based MEMS specialist developing precision timing products for wireless and wired networks, took in $23 million.
In the second calendar quarter, chip makers take more than $400.5 million in sales with increasing 95.8 percent from the first quarter and 52 percent from the same period last year. GSA said the data is approximate because four companies did not disclose funding amounts in the quarter, compared to only one in the first quarter and four in the 2011 period.
According to an earlier report, VC funding overall was down about nine percent in the second quarter compared to the same period in 2011. However, it said semiconductor funding was increased in the period, mainly due to two large late-stage investments.
Reprinted Url Of This Article: http://www.seekic.com/blog/IndustryNews/2012/07/24/VC_chip_funding_will_decline_in_June_increase_in_quarter.html
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