Capital Lite Working Group

  • Overview
  • Meeting Schedule
  • Presentations
  • Papers
  • Minutes
  • Group Members
  • News

Overview

The Capital Lite Working Group is a result of discussions that took place during multiple VC panel discussions in 2011 that were chaired by GSA’s ECCEO Council and the publication of the paper The Capital-Lite Semiconductor Model: Revitalizing Semiconductor Startup Investment. The purpose of this Working Group is to foster discussion regarding the current state of funding for semiconductor start-ups; postulate alternative models and solutions; and ultimately turn our discussion into actionable events that will benefit our industry by encouraging entrepreneurship and innovation.

Vision

To create a seamless consortium of representatives from the entire semiconductor ecosystem that fully cooperate in enabling start-ups to prosper and return significant multiples to all its constituents and to establish a pipeline of funded, innovative semiconductor companies with an appropriate capital structure to make this the largest segment in tech financing.

Mission

To develop, promote and execute expanded investment models that can be used by semiconductor start-ups to innovate and prosper.

Objective
  • Invigorate semiconductor start-up investment and subsequent returns
  • Enable high quality innovation
  • Stimulate sustainable M&A and new IPO deal flow
Participants
  • CEOs, CFOs, and senior leadership from within the entire semiconductor ecosystem, OEMs, VCs, Finance, Banking and M&A executives
Approach
  • Identify concerns in existing funding models for semiconductor start-ups
  • Quantify the problem within the semiconductor industry
  • Postulate the impact of the problem to the semiconductor industry and the markets served by this industry
  • Propose alternative solutions; e.g. Capital-lite
  • Build internal consensus and solicit external feedback
  • Solicit industry participation and support
  • Agree on and implement solution(s)

Contact Information

Wade Giles
M 214.794.6619
E wgiles@gsaglobal.org

Working Group Chair
Matt Rhodes, CEO, Semitech Semiconductor

Meeting Schedule

No meetings are scheduled at this time.  Please check back at a later date.

 

 

 

 

 

Presentations

May 1, 2013

Nov 7, 2012

Mar 14, 2012

Jan 24, 2012

Dec 7, 2011

Oct 13, 2011

Oct 6, 2011

Sept 13, 2011

Sept 1, 2011

May 24, 2011

Papers

Innovation Center (PDF, 269 KB)
This white paper by SK telecom Americas outlines their funding model to seed new start-ups, mitigate risk, and ensure a successful exit.

Innovation Evolution in the Semiconductor Industry
Authors: Ken Lawler, General Partner, Silicon Ventures; Warren Savage, President and CEO, IPextreme; and Michael Fancher, Associate Professor of Nanoeconomics, College of Nanoscale Science and Engineering

Capital Lite Business Model Strategies & Tools: A Startup’s Guide to Surviving an Investment Drought
This white paper focuses on invigorating semiconductor start-ups to enable high quality innovation, increased investment and subsequent returns, and stimulate sustainable M&A, as well as new IPOs.

Capital-Lite Semiconductor Model: Revitalizing Semiconductor Startup Investment (PDF, 98 KB)
Authors: Amer Haider, Vice President of Corporate and Business Development, Cavium and Awais Nemat, former Vice President of Enterprise Business Unit, Marvell Semiconductors

Startup Outlook 2012 Report (PDF, 886 KB)
Author: Silicon Valley Bank

A Lean Fabless Semiconductor Business Model (PDF, 285 KB)
Author: Andreas Olofsson, Adapteva, Inc.

Minutes

2012 Meeting Minutes
2011 Meeting Minutes

Group Members

Contact Wade Giles for membership information.

Battery Ventures Battery Ventures
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News

Synopsys Expands Security Solutions with Acquisition of Elliptic Technologies
Monday, June 29, 2015
Design & Reuse
Synopsys, Inc. today announced that it has acquired Elliptic Technologies, a leading provider of security IP cores and software solutions for mobile, automotive, digital home, Internet of Things (IoT) and cloud computing applications.

Transphorm Announces New $70 million Investment Led by KKR
Monday, June 22, 2015
VentureBeat
Transphorm Inc, an early stage semiconductor company focused on redefining power conversion, today announced a $70 million investment round led by global investment firm KKR.

Crocus Technology Attracts $21M (19M Euros) in Financing
Tuesday, June 16, 2015
Design & Reuse
Crocus Technology, the supplier of magnetic sensors and embedded memory solutions designed with Magnetic Logic Unit™ (MLU) technology, today announces it has secured $21M (€19M) in funding.

Synopsys to Acquire Atrenta
Sunday, June 7, 2015
PR Newswire
Synopsys, Inc. has signed a definitive agreement to acquire Atrenta Inc., a privately held provider of SoC realization solutions for the semiconductor and consumer electronics industries.

WiLAN Acquires Qimonda Patent Portfolio from Infineon
Tuesday, June 2, 2015
Design & Reuse
WiLAN announced that its wholly-owned subsidiary, Polaris Innovations Limited, has acquired, from Infineon Technologies AG, the vast majority of Qimonda AG's patent portfolio.

Intel to Acquire Altera
Monday, June 1, 2015
Business Wire
Intel Corporation and Altera Corporation today announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion.

NXP Semiconductors Announces Agreement to Sell RF Power Business
Thursday, May 28, 2015
Globe Newswire
NXP Semiconductors N.V. today announced an agreement that will facilitate the sale of its RF Power business to Jianguang Asset Management Co. Ltd (JAC Capital). Under the terms of the agreement JAC Capital will pay $1.8 billion for the business.

Avago To Buy Broadcom For $37 Billion As Semiconductor Dealmaking Heats Up
Wednesday, May 27, 2015
Forbes
Semiconductor Avago Technologies has inked a deal to buy competitor Broadcom for $37 billion in cash and stock, as chipmakers for computers, smartphones, and connected devices ranging from automobiles to industrial equipment and wireless networks consolidate, pooling their technology and specialties.

Renesas Sells Wafer Fab to Rohm
Tuesday, May 26, 2015
EE Times Asia
Rohm Co. Ltd is set to buy a 200mm fab from Renesas Electronics Corp for approximately $3.7 million (450 million yen).

Guerrilla RF Completes $2M Series B Funding Round
Monday, May 18, 2015
Semiconductor Today
Guerrilla RF Inc of Greensboro, NC, USA, which provides monolithic microwave integrated circuits to wireless network infrastructure original equipment manufacturers, has closed a $2m Series B funding round led by two angel investors Charlotte Angel Fund and Piedmont Angel Network (and joined by a growing list of individual investors).

Cypress Proposes Buying ISSI at Price Above Summitview Deal
Wednesday, May 13, 2015
NASDAQ
Cypress Semiconductor Corp. is interested in buying Integrated Silicon Solution Inc. at a higher price than ISSI's pending $640 million deal with a Chinese consortium.

Blue Danube Systems Raises $16 Million in Series B Funding
Tuesday, May 12, 2015
Business Wire
Blue Danube Systems, a provider of mobile wireless access solutions that significantly and cost-effectively increase network capacity and enhance quality of service, today announced that it closed $16 million in Series B funding.

AAC Technologies Acquires WiSpry
Monday, May 11, 2015
Business Wire
AAC Technologies Holdings Inc., a world-leading miniature technologies solution provider, announced the completion of its acquisition of WiSpry, Inc.

GaN Systems Raises USD$20 Million in Series C Financing
Friday, May 8, 2015
Business Wire
GaN Systems Inc., the leading developer of gallium nitride power switching semiconductors, today announced a USD$20 Million venture capital financing.

Luna and API Complete Merger
Friday, May 8, 2015
Business Wire
-Luna Innovations Incorporated, which develops and manufactures fiber optic sensing and test & measurement products for the telecommunications, aerospace, automotive, energy, and defense markets, and Advanced Photonix, Inc. (API), a leading supplier of optoelectronic sensors, devices, and instrumentation for the telecommunications, defense, medical and industrial markets, today announced that they have closed their merger.

Microchip to Buy Rival Analog Chipmaker Micrel for $839 Million
Thursday, May 7, 2015
Bloomberg
Microchip Technology Inc., a maker of analog chips, said it will buy rival Micrel Inc. for $14 a share, adding more of the basic building blocks of electronics to its offerings.

Grafoid Acquires MuAnalysis Inc; Expands Its Advanced Materials Testing Capabilities
Tuesday, May 5, 2015
MarketWired
Grafoid Inc. - a complete solutions graphene company and Canada's leading graphene applications developer - is pleased to announce it has acquired 100% ownership of analytical services provider MuAnalysis Inc., of Ottawa, Ontario.

MediaTek Subsidiary Completes Acquisition of Alpha
Tuesday, May 5, 2015
DIGITIMES
MStar Semiconductor has completed its acquisition of fellow IC design company Alpha Imaging Technology, according to a MediaTek filing with the Taiwan Stock Exchange (TSE).

Knowles to Acquire Audience
Thursday, April 30, 2015
Business Wire
Knowles Corporation, a market leader and global supplier of advanced micro-acoustic solutions and specialty components, today announced it has entered into a definitive agreement to acquire Audience, Inc.

MaxLinear Completes Acquisition of Entropic
Thursday, April 30, 2015
Globe Newswire
MaxLinear, Inc., a leading provider of integrated radio frequency and mixed-signal integrated circuits, today announced that it has completed its previously announced acquisition of Entropic Communications, Inc.

OmniVision to be Acquired by Hua Capital Management, CITIC Capital and GoldStone Investment for $29.75 per share in Cash
Thursday, April 30, 2015
Design & Reuse
OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced that it has entered into a definitive agreement to be acquired by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd.

Tianshui Huatian Technology Company Ltd. Announces the Acquisition of FlipChip International LLC
Thursday, April 30, 2015
PR Newswire
Tianshui Huatian Technology Company Ltd announced the completion of the acquisition of FlipChip International LLC (FCI) on April 1, 2015.

Media Alert: ARM Announces Acquisition of Wicentric and Sunrise Micro Devices
Thursday, April 16, 2015
Business Wire
ARM today announced the acquisition of Wicentric, a Bluetooth® Smart stack and profile provider, and Sunrise Micro Devices (SMD), a provider of sub-one volt Bluetooth radio intellectual property (IP).

Movidius Raises $40 Million in Funding to Accelerate Adoption of Visual Sensing in the Internet of Things
Tuesday, April 14, 2015
MarketWired
Movidius, the leading vision processor company serving the growing need for visual sensing in connected devices, today announced that it has raised $40 million in new funding.

MStar to Acquire Alpha for NT$37 Per Share
Thursday, April 9, 2015
DIGITIMES
Eyeing IoT and image sensor chip business opportunities, MStar Semiconductor plans to acquire Alpha Imaging Technology for a total of NT$2.07 billion (US$66.37 million).

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