Advanced Micro-Fabrication raises $58 million for chip manufacturing equipment
Shanghai-based Advanced Micro-Fabrication Equipment raised $58 million in a third round of funding for its semiconductor manufacturing equipment business.
New investors include Shanghai Venture Capital Co. Ltd. (SHVC) and Shanghai Pudong Science and Technology Investment Co. Ltd. Existing investors also participated in the round. They include: Walden International, Lightspeed Venture Partners, Goldman Sachs, Redpoint Ventures, Global Catalyst Partners, Interwest Partners, Bay Partners, Qualcomm Ventures and KT Venture Group.
The company makes Primo D-RIE and Primo HPCVD tools… Continue Reading
Chip investments rising in China: The AMFE and Montalvo cases
Advanced Micro-Fabrication Equipment, a Shanghai company that makes semiconductor processing equipment, said it has raised $35 million in a second round of funding.
This is just the latest example of how Chinese chip related companies are attracting venture money, even as U.S. companies seem to be getting less. (See our story here for news about the latest Silicon Valley chip start-up, Montalvo.)
The company, founded in 2004, said it is building cutting-edge integrated circuit manufacturing fabs.
Participants… Continue Reading