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 (for etching away materials in the chipmaking process) and in the past year has shipped them to chip factories in three Asian countries. The company says it has received a positive market reaction and will focus its future research and development on this category.
I recently wrote that chip deals are hard to come by, but they're finally coming out of the woodwork this week.