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

Credo Semiconductor Scores Over $8M Series A
Monday, August 31, 2015
peHUB
Milpitas, California-based Credo Semiconductor, a provider of mixed-signal semiconductor solutions, has secured over $8 million in Series A funding. Walden International led the round.

Tessera to Acquire Ziptronix, Inc. for $39 Million
Thursday, August 27, 2015
Business Wire
Tessera Technologies, Inc. announced the acquisition of Ziptronix, Inc. for $39 million in cash.

MStar to Acquire Ilitek for NT$51 Per Share
Wednesday, August 26, 2015
DIGITIMES
MediaTek has issued a company filing with the Taiwan Stock Exchange (TSE) that subsidiary MStar Semiconductor plans to acquire ILI Technology (Ilitek), which designs and develops displays driver ICs mainly for smartphones and other mobile devices.

Photovoltaic Chip Company Completes Funding Round
Tuesday, August 25, 2015
EE Times India
Sol Chip Ltd., a developer of an energy harvesting photovoltaic chip based in Israel, has concluded a round of funding led by Dowell Property Holdings Ltd of Hong Kong.

Cavendish Kinetics Raises $36 Million, Transforms LTE Smartphones
Monday, August 24, 2015
Design & Reuse
Building on the market success of its high performance RF MEMS antenna tuners, Cavendish Kinetics announced, that it has completed its final funding round with a strategic raise of $36 million, to accelerate the development of its next generation RF components.

MediaTek Buys ISSI Taiwan Subsidiary to Enable Acquisition of ISSI by Uphill
Wednesday, August 19, 2015
DIGITIMES
The acquisition of US-based Integrated Silicon Solution (ISSI) by China's Uphill Investment is expected to run more smoothly after ISSI's Taiwan subsidiary Chingis Technology is taken over by MediaTek, industry observers believe.

M/A-COM Completes Divestiture of Automotive Business
Monday, August 17, 2015
Business Wire
M/A-COM Technology Solutions Holdings, Inc. today announced it has completed the previously announced divestiture of its Automotive business to Autoliv ASP Inc.

Docea Power Has Been Acquired by Intel Corporation
Friday, August 14, 2015
Design & Reuse
Docea Power has been acquired by Intel Corporation. The transaction was completed on July 31, 2015.

Qualcomm Completes $2.4 Billion Acquisition of CSR
Thursday, August 13, 2015
PR Newswire
Qualcomm Incorporated today announced that its indirect, wholly-owned subsidiary, Qualcomm Global Trading Pte. Ltd, has completed its acquisition of CSR plc, a leading fabless provider of end-to-end semiconductor and software solutions for the Internet of Everything and automotive segments.

Aricent Subsumes SmartPlay for $180M
Wednesday, August 12, 2015
EE Times India
Aricent, a design services firm, has acquired SmartPlay Technologies of Bangalore for roughly $180 million. The merged company will pursue a rise in demand for custom versions of server chipsets.

Qualcomm to Acquire xDSL and G.fast Networking Technology Provider Ikanos
Thursday, August 6, 2015
PR Newswire
Qualcomm Incorporated today announced that its subsidiary, Qualcomm Atheros, Inc., has entered into a definitive merger agreement to acquire Ikanos Communications, Inc., a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions.

Synopsys Completes Acquisition of Atrenta
Monday, August 3, 2015
Design & Reuse
Synopsys, Inc. has completed its acquisition of Atrenta, a provider of SoC realization solutions for the semiconductor and consumer electronics industries.

ARM Expands IoT Security Capability with Acquisition of Sansa Security
Thursday, July 30, 2015
Design & Reuse
ARM has acquired Israel-based Sansa Security, a provider of hardware security IP and software for advanced system-on-chip components deployed in Internet of Things (IoT) and mobile devices.

Altran Technologies Acquires SiConTech, One of the Fastest Growing Indian Technologies Firms, Specialised in Semiconductor Design Services
Tuesday, July 28, 2015
Globe Newswire
Altran has announced the acquisition of SiCon Design Technologies (SiConTech), an engineering services company specialised in semiconductor design. SiConTech currently works with seven of the top ten global semiconductor companies and was ranked one of the fastest growing ASIC design services companies in India by Deloitte Technology Fast 50 India in 2013 and 2014.

ams Acquires Advanced CMOS Sensor Business from NXP
Tuesday, July 28, 2015
Business Wire
ams AG, a leading provider of high performance sensors and analog ICs, announced today that the company has acquired the CMOS

ROHM Semiconductor Acquires Powervation
Thursday, July 23, 2015
Business Wire
ROHM Co., Ltd., a global leader in analog power IC solutions, announced today that it has completed the acquisition of Powervation Ltd., a privately held digital power IC company that develops Digital Power Management system-on-chip solutions for approximately $70M, in an all-cash transaction.

Synopsys Acquires Bluetooth Smart IP from Silicon Vision
Thursday, July 16, 2015
Design & Reuse
Synopsys, Inc. today announced that it has acquired the Bluetooth Smart IP from Silicon Vision, a leading provider of high-performance, ultra-low-power wireless IP solutions.

Cashing in the Chips: UTAC Holdings Files for a $350M IPO
Wednesday, July 15, 2015
Renaissance Capital
UTAC Holdings, which provides assembly and test services for a broad range of semiconductor chips, filed on Wednesday with the SEC to raise up to $350 million in an initial public offering.

Qualcomm Pays $50m for Nujira - Could Ip.access Be Next?
Monday, July 6, 2015
Business Weekly
Qualcomm has paid around $50 million for Cambridge chip company Nujira, which appears to have been shut down.

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business
Wednesday, July 1, 2015
Business Wire
GLOBALFOUNDRIES today announced that it has completed its acquisition of IBM's Microelectronics business.

Knowles Completes Acquisition of Audience, Inc.
Wednesday, July 1, 2015
Business Wire
Knowles Corporation, a market leader and global supplier of advanced micro-acoustic solutions and specialty components, today announced the successful completion of its cash and stock tender offer for all the outstanding shares of common stock of Audience, Inc.

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.

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