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.
MEMS leaders under pressure, says Yole
July 31, 2014
The MEMS industry is changing as established leaders with manufacturing and an emphasis on delivering components are put ...
OLED lighting to be competitive with LEDs by 2016
Panasonic and Tesla Gigafactory battery plan forges ahead
Surface inspection tool can get customized
Wireless charging - a more cost-effective approach
Sony, Panasonic, Japan Display plan OLED joint venture
July 30, 2014
Sony Corp., Panasonic Corp., and Japan Display Inc. are working together to create a new company, to be named JOLED, which ...
Sony, TSMC win award for silicon-plastic process development
Sensor footprint evolution: Does size matter?
Memscap breaks even on rising Q2 revenue
- Building Blocks for the Internet of Things
- New Linear Regulators Solve Old Problems
- Testing GPS with a Simulator
- DSM presents: Select the best plastic for DDR4
InterviewCEO interview: China, not Apple, is way to go, says mCube CEO
Ben Lee, CEO of MEMS startup mCube, explains why he wants to spend $37 million on being a supplier of sensors to Chinese ODMs and avoiding a design win with Apple or Samsung.
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, Altium Ltd is offering EETimes Europe's readers the chance to win one TASKING VX-Toolset for ARM Cortex-M Premium Edition, normally licensed for 2.395 Euros, for ultra-rapid prototyping and code development around ARM Cortex-M based microcontrollers.
The VX-toolset for ARM is the first TASKING compiler suite to receive the Software Platform technology, which is seamlessly...Read more
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.