ST creates early-stage venture capital fund
December 16, 2011 // Peter Clarke
STMicroelectronics NV, Europe's leading chip company, has announced the launch of ST New Ventures, a corporate venture capital fund. However, the announcement did not indicate how much money the organization has at its disposal.
ST New Ventures will invest in technology, product and service startup companies, preferably at the early-stage, partly to help ST gain an understanding of emerging markets for semiconductors, but also to produce a return on investment. Healthcare, Cleantech, and Smart Infrastructure are among the main areas of focus, ST said.
ST New Ventures will be a wholly-owned subsidiary of ST headquartered in Geneva, Switzerland, led by managing director Loic Lietar. It will invest alongside other financial and corporate venture capital funds.
The group as no specific geographic focus, according to its website, and nor does it invest with a view to making, or fostering a relationship between the startup and STMicroelectronics. However, the managing director and partner both have a deep experience of semiconductor business acquired as executives with ST. ST stressed that while investments could be in fabless chip companies they could also be in product companies and service providers.
Venture capital funding of fabless semiconductor companies has been declining for a number of years – particularly at the early-stage – as independent venture capital funds have turned their back after a decade of low returns after many years of investment.
This has given rise to increasing reliance on strategic investors but also to initiatives within the Global Semiconductor Alliance, the European Microelectronics Academy and the Singapore Semiconductor Industry Association seeking to address the situation.
For further information: www.stnewventures.com.
Extensible CPU cores exploit IoT's vast potential
May 22, 2015
Cisco Systems has predicted that by 2020, there will be 50 billion “things” connected to the Internet up from 15 billion ...
Audi connects to Baidu, Huawei at CES Asia
New class of magnets attract energy harvesting attention
Sony raises image sensor capex...again
OneSpin Solutions takes formal verification to the App store
Why the speculations on Nokia’s map service HERE run hot
May 21, 2015
Nokia’s digital map service HERE is on the block – and a crowd of suitors are outbidding each other. But some remain at the ...
Flexible OLED display peels off the wall
Irish battery R&D facility targets advanced material development
Bosch adjusts course for future mobility requirements
- Integrating GPS into consumer products
- Controlling LED Lighting Using Triacs and Quadracs
- Automotive Designs Demand Low EMI Synchronous Buck Converters
- Smart Capacitive Design Tips
InterviewCEO interview: What's next after Tower's turn-around?
May 2015 marks the tenth anniversary of Russell Ellwanger taking over as CEO of speciality foundry Tower Semiconductor Ltd. (Migdael Haemek, Israel), which now trades as TowerJazz. And so EE Times Europe ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
In this month's reader offer, Analog Devices is giving away five Blackfin Low-Power Imaging Platform (BLIP) Development Systems (ADZS-BF707-BLIP2), worth 199 dollars each, for EETimes Europe's readers to win.
Targeting demanding ultra-low-power, real-time applications for image sensing and advanced audio, the development platform leverages the company’s ADSP-BF707BBCZ-4 Blackfin processor as...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.