Magnum Semiconductor raises $20M for digtial equipment semiconductors

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Magnum Semiconductor, a Fremont, Calif. company that makes chips and software for DVD recorders, media centers, camcorders and other entertainment devices, has raised $20 million of a planned $27 million third round of financing, according to a regulatory filing cited by PE Week.

Investor Growth Capital led the round, which included existing backers August Capital and Investcorp Technology Ventures.