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.
Startup uses phase-change material for displays, glazing
December 01, 2015
Bodle Technologies Ltd. (Oxford, England) is a startup company formed in August 2015 to make use of the optical properties ...
Interchangeable cells make traction batteries cheaper
The great IoT threat: how to avoid common security pitfalls during application development
Driven by IEEE Standards, Ethernet Hits the Road in 2016
Toshiba considers listing or partial sale of chip business
Transparent LED displays built on monolayer semiconductors
November 30, 2015
A research team led by engineers at UC Berkeley and Lawrence Berkeley National Laboratory has found a simple way to fix the ...
Startup wants to be the ARM of neuromorphic cores
A tech correction is coming
Delayed roadmap set for debut at TSensors Summit
- Digital Power System Management - Take Control of Your Power Supplies
- Battery Size Matters
- Software-Defined Radio Handbook - 11th edition
- Multichemistry Buck Battery Charger Controller
InterviewCEO interview: InvenSense's Abdi on expanding MEMS horizons
InvenSense Inc. is a MEMS company that has epitomized a fabless approach to a sector that is still highly reliant on a thorough grasp of the manufacturing and packaging processes. We interviewed CEO Behrooz ...
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
This month, Microsemi is giving away two SmartFusion2 dual-axis motor control starter kits, worth 9 each, for EETimes Europe's readers to win.
The kit will let you try out Microsemi's deterministic motor control solution, compliant with industry coding standards for developing safe and reliable software for embedded applications.
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.