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

Quantenna Communications Closes New Investment Round and Adds Two Industry Veterans to Its Board of Directors
Wednesday, December 17, 2014
Business Wire
Quantenna Communications, Inc., a leader in ultra-high performance Wi-Fi solutions, announced today that it has closed a new investment round of $22 million to continue to fuel its rapid growth.

Murata Completes Acquisition of Peregrine Semiconductor
Friday, December 12, 2014
PR Newswire
Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., and Peregrine Semiconductor Corporation, founder of RF silicon on insulator (SOI) and pioneer of advanced RF solutions, today announce that Murata has acquired all outstanding shares of Peregrine. The cash transaction paid the holders of Peregrine common shares $12.50 per share.

Leading G.fast Company Sckipio Raises $17M
Monday, December 8, 2014
Business Wire
Sckipio Technologies, the leader in G.fast modem chipsets, today announced it has raised $17M USD in a Series B round led by Pitango Venture Capital and combined with follow-on investment from the original Series A investors; Gemini Israel Ventures, Genesis Partners, Amiti Ventures and Aviv Ventures.

ams Enters Agreement to Acquire Private Sensor Specialist acam-messelectronic
Friday, December 5, 2014
Business Wire
ams, a leading worldwide manufacturer of high performance sensor and analog solutions, has entered into an agreement to acquire 100% of the shares in acam-messelectronic, a leader in highly accurate time-based measurement and related sensor solutions, in an all-cash transaction.

Novelda Today Announced It Has Secured $12M in Financing to Bring Its Advanced Sensors for Vital Signs Detection to Market
Wednesday, December 3, 2014
Business Wire
Novelda, a developer and manufacturer of adaptive smart sensors, announces the closing of a $12M Series A financing round to secure delivery and further development of its XeThru sensor technology.

Freescale Acquires Zenverge and Its Market-Leading Transcoding Technology
Tuesday, December 2, 2014
Business Wire
Freescale Semiconductor has acquired Zenverge, a fabless semiconductor company and a leading developer of advanced HD content processing ICs.

SureCore Raises $1.6m
Tuesday, December 2, 2014
Electronics Weekly
SureCore, the Sheffield-based SRAM intellectual property (IP) company, has raised $1.6m in Series A funding bringing its total funding to $2.4m.

Cypress Semiconductor Buys Spansion For About $1.6 Billion
Monday, December 1, 2014
Silicon Valley Business Journal
Cypress Semiconductor Inc. is buying flash-memory maker Spansion Inc. for nearly $1.6 billion in stock, based on Cypress' closing price of $10.43 per share today.

NXP Semiconductors Acquires Wearable and Bluetooth Low Energy IC Business of Quintic
Monday, November 24, 2014
GlobeNewswire
NXP Semiconductors N.V. today announced that it has entered into a definitive agreement with Quintic to acquire assets and IP related to its Wearable and Bluetooth Low Energy (BTLE) IC business. This transaction contributes to NXP's drive to create security and connectivity solutions for fast-growing Internet-of-Things applications in Health & Fitness Wearables, Mobile Transactions, Proximity Marketing, Smart Home and Automotive.

Plunify Closes Round of Funding With Investment from Lanza techVentures
Wednesday, November 19, 2014
Marketwired
Plunify® Pte. Ltd., provider of groundbreaking field programmable gate array software, today announced it completed a round of funding with an investment from Lanza techVentures, an early stage venture capital investment firm.

SanDisk Expands its Commitment to the 'Connected Device' Market with a Strategic Investment in Altair Semiconductor
Wednesday, November 19, 2014
Business Wire
SanDisk Corporation, a global leader in flash storage solutions, today announced that the company's venture arm, SanDisk Ventures, has invested in Altair Semiconductor, the leading developer of high-performance, single-mode LTE chipsets. Altair's high-performance products bring 4G LTE Internet connectivity to tablets, netbooks, USB dongles, portable hotspots, fixed routers and modems, machine-to-machine applications and other devices.

TSMC Buys Qualcomm Taiwan Factory for US$85 Million
Wednesday, November 19, 2014
DIGITIMES
Taiwan Semiconductor Manufacturing Company (TSMC) has acquired a Qualcomm factory in Longtan, northern Taiwan, for US$85 million, according to a company filing with the Taiwan Stock Exchange (TSE).

NGCodec Raises Funds in New Financing Round
Tuesday, November 18, 2014
Design & Reuse
NGCodec Inc., a pioneer in Next Generation video Codec (compressor-decompressor) technology, announced today that it has received several million dollars in new financing from Belmore Capital.

ChipMOS Taiwan, Thailin to Merge
Thursday, November 13, 2014
DIGITIMES
ChipMOS Technologies (Bermuda) announced on November 12 that its board of directors has approved a plan to merge its subsidiaries ChipMOS Taiwan and Thailin Semiconductor. The board of directors at both subsidiaries have also approved the merger, with the respective subsidiaries having now entered into a merger agreement.

Indice Semiconductor, Maker Of Energy-Saving Chips, Raises $6M Series A
Wednesday, November 12, 2014
TechCrunch
Indice Semiconductor has raised a $6 million Series A to focus on marketing its chips, which use an algorithm that the company says can help appliances save energy. The round was led by Allen Alley, the co-founder and former CEO of Pixelworks and included participation from Australian venture capital firm rampersand.

Cavendish Kinetics Secures Funding to Accelerate the Growth of RF MEMS Market
Tuesday, November 11, 2014
MarketWatch
Cavendish Kinetics, the leading provider of high-performance RF MEMS tuning solutions for mobile and wearable devices, today announced the closing of a $7 million funding round as well as the appointment of Gilles Delfassy to its board of directors. The round was co-led by Tallwood Venture Capital and Wellington Partners, with participation from Qualcomm Ventures and other existing investors.

Ineda Systems Secures Additional Series B Funding
Tuesday, November 11, 2014
Business Wire
Ineda Systems, a developer of low-power SoCs (system on a chip) for use in the fast-growing wearables and Internet of Things market segment, today announced additional funding from Cisco Investments to bring the round of Series B funding to a total of $19M.

Ambiq Micro Announces $15 Million Funding Round Led by Kleiner Perkins Caufield & Byers
Monday, November 10, 2014
Business Wire
Ambiq Micro, a leader in ultra-low power integrated circuits for power-sensitive applications, today announced that is has closed a $15 million Series C funding round.

China Firm in Talks to Buy STATS ChipPAC
Friday, November 7, 2014
DIGITIMES
Jiangsu Changjiang Electronics Technology has made a non-binding proposal to STATS ChipPAC to acquire all the shares in STATS ChipPAC on a fully diluted basis for an aggregate purchase price of US$780 million, STATS ChipPAC announced on November 6.

Silicon Turnkey Solutions Joins Micross Components
Thursday, November 6, 2014
PRWeb
Insight Equity Holdings LLC, the Southlake, Texas private equity firm, is pleased to announce that one of its portfolio companies, Micross Components, has acquired Silicon Turnkey Solutions (STS). STS has been a leader in the high-reliability semiconductor test sector for over a decade, offering Integrated Circuit design, packaging, qualification, and testing for the most extreme applications.

Korean Semiconductor Firm Sets IPO Price
Wednesday, November 5, 2014
ABS-CBN
South Korean-owned Phoenix Semiconductor Philippines Corp. has set the final offer price for its maiden share sale at P3.15 per share.

Peraso Technologies Racks Up $20 Mln
Thursday, October 30, 2014
peHUB
Peraso Technologies Inc., a leader in Wireless Gigabit (WiGig®) chipsets, announced today that it has closed a $20 million funding round. The oversubscribed round was led by new investor Roadmap Capital, with additional financing from existing investors Celtic House Venture Partners, Ontario Emerging Technologies Fund (OETF) and VentureLink Funds.

SiTime to be Acquired by MegaChips for $200M
Tuesday, October 28, 2014
Business Wire
SiTime Corporation, a MEMS and analog semiconductor company, today announced that it has signed a definitive agreement under which MegaChips Corporation, a top 25 fabless semiconductor company based in Japan, will acquire SiTime for $200 million in cash. This transaction combines two complementary fabless semiconductor leaders that provide solutions for the growing Wearables, Mobile and Internet of Things markets.

PointGuard Ventures and Morningside Invest $13M in InSilixa's Semiconductor-Based Molecular Diagnostics Technology
Wednesday, October 22, 2014
Business Wire
PointGuard Ventures, a Silicon Valley venture capital firm, and Morningside, a privately-held investment group, announced today that they are leading a $13M financing round for InSilixa, Inc., a new Sunnyvale, California-based molecular diagnostic (MDx) platform developer.

IBM to Pay Globalfoundries $1.5 Billion to Take Chip Unit
Monday, October 20, 2014
Reuters
IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday.

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