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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

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 Kole Giles for membership information.

Battery Ventures Battery Ventures
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News

ANSYS and Electromagnetic Crosstalk Solutions Leader Helic Sign Definitive Acquisition Agreement
Monday, January 21, 2019
Company Release
ANSYS, the global leader and innovator of engineering simulation software, announced that it has entered into a definitive agreement to acquire Helic, the industry-leading provider of electromagnetic crosstalk solutions for systems on chips (SoCs).

Rambus Acquires Memory Technology Assets of Diablo Technologies
Wednesday, January 16, 2019
Business Wire
Rambus Inc. announced it has acquired the assets of Diablo Technologies to broaden its portfolio in the hybrid DRAM and Flash memory markets.

Semiconductor Startup Wiliot Raises $30M Led by AWS and Samsung
Tuesday, January 15, 2019
ZDNet
Wiliot, a fabless semiconductor startup based in Israel, announced the close of $30 million Series B round of funding from investors including Amazon Web Services, Samsung Venture Investment and Qualcomm Ventures.

Wi-Fi Chip Company Celeno Raises $10 Million for European, IoT Expansion
Wednesday, January 2, 2019
CTech
Wi-Fi chip company Celeno Communications (Israel) Ltd. has raised $10 million in a round led by European venture capital firm Iris Capital.

BMW, Microsoft Join $200 Million Graphcore Funding
Tuesday, December 18, 2018
EE Times
UK-based developer of machine intelligence processors Graphcore announced a new round of $200 million in funding, including investment from BMW and Microsoft. The deal -- which brings Graphcore's total funding to $300 million -- values the company at $1.7 billion.

Cisco to buy semiconductor company Luxtera in a $660 million deal
Tuesday, December 18, 2018
CNBC
Cisco said it plans to buy semiconductor company Luxtera for $660 million in cash and assumed equity. It said Luxtera's advanced chips will help Cisco meet business client demand for faster and high-performing network service.

Movellus Closes Second Round of Intel Capital Funding
Wednesday, December 12, 2018
Business Wire
Movellus, Inc., today announced it has closed a second round of funding from Intel Capital. The company's technology automatically generates analog IPs using digital implementation tools and standard cells.

Lumentum completes Oclaro acquisition
Monday, December 10, 2018
Semiconductor Today
After receiving anti-trust clearance on 6 December from China's State Administration for Market Regulation, optical and photonic optical component and subsystem maker Lumentum Holdings Inc of Milpitas, CA, USA has completed its acquisition (announced on 12 March) of Oclaro Inc of San Jose, CA, USA, terminating trading in Oclaro's common stock on the NASDAQ Stock Market.

Codasip Secures $10M in Series A Financing to Expand RISC-V Processor Technology Offerings
Tuesday, December 4, 2018
Business Wire
Codasip GmbH, the leading supplier of RISC-V® embedded processor IP, announced today that it has raised $10M in a Series A investment round led by private equity firms Ventech Capital of Paris, France, Shenzhen Capital Group Co., Ltd. of Shenzhen, China, Paua Ventures of Berlin, Germany, and strategic investor Western Digital, following the initial investment led by Credo Ventures of Prague, Czech Republic

Wave Computing® Raises $86M in Oversubscribed Series E Round To Fuel Global Expansion and Further Accelerate Wave's Cloud-to-Edge Strategy
Thursday, November 29, 2018
GlobeNewswire
Wave Computing® today announced the successful close of its Series E funding round at $86 million, bringing total investment in Wave to over $200 million. Led by the Los Angeles-based office of Oakmont Corporation and supported by existing investors, proceeds from the round will be used to fuel Wave's worldwide growth and evolution of company's structure in support of its strategic and commercial scale out plans for 2019 and beyond.

Lidar startup AEye raises $40M Series B led by the Taiwanese government's investment firm
Thursday, November 22, 2018
Tech Crunch
Lidar technology developer AEye will scale its operations globally through manufacturing partnerships after raising a $40 million Series B. The round was led by Taiwania Capital, the investment firm created and backed by Taiwan's National Development Council, and includes returning investors Kleiner Perkins, Intel Capital, Airbus Ventures and Tychee Partners.

Habana Labs Secures $75M in Series B Financing Led by Intel Capital
Thursday, November 15, 2018
Yahoo! Finance
Habana Labs, Ltd., a leading startup in the emerging AI processor space, today announced it has secured $75 million in an oversubscribed series B funding, led by Intel Capital, to fuel its continued growth. The round is joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. Since inception, the company has raised a total of $120 million.

Spin Memory Announces $52 Million Series B Funding Round
Monday, November 12, 2018
Design & Reuse
Spin Memory, Inc., the leading MRAM developer formerly known as Spin Transfer Technologies, Inc., today announced its $52 million Series B funding round. This funding round was led by Applied Ventures LLC, the venture capital arm of Applied Materials, Inc. (Applied), and Arm.

II-VI to Buy Apple Supplier Finisar in $3.2 Billion Deal
Friday, November 9, 2018
Bloomberg
II-VI Inc. agreed to buy Apple Inc. supplier Finisar Corp. for $3.2 billion in cash and stock, bringing together two firms focused on semiconductor lasers and optics.

Optical Chip Startup Ayar Labs Raises $24 Million To Boost Data Speeds
Wednesday, November 7, 2018
Forbes
Ayar Labs, which builds an optical-based chip that boosts speeds on high-performance computing systems, announced Wednesday that it has raised $24 million in a Series A round led by Playground Global. Intel Capital, Globalfoundries and Founders Fund also participated in the Emeryville, California-based company's latest round.

Israel car chip company Valens raises $63m
Tuesday, November 6, 2018
Globes
Israeli car chip startup Valens, has raised $63 million from Linse Capital and Oppenheimer Asset Management. The Hod Hasharon based company is developing HDBaseT technology for the audiovisual and automotive markets and chipsets that simplify in-vehicle connectivity.

Esperanto Technologies Secures $58 Million in Series B Investment for AI Chips
Sunday, November 4, 2018
Design & Reuse
Esperanto Technologies, a developer of high-performance, energy-efficient computing solutions for artificial intelligence (AI), machine learning (ML) and Deep Learning (DL) applications, today announced that it has closed its Series B funding round of $58 million, with investments from several strategic and venture capital investors.

Quanergy Completes Series C Financing with a Valuation Surpassing $2 Billion
Tuesday, October 30, 2018
Business Wire
Quanergy Systems, Inc., a global leader in the development and manufacture of LiDAR sensors and smart sensing solutions, today announced it has secured Series C funding at a valuation exceeding $2 billion, with a global top-tier fund as the lead investor.

AI Chip Company Syntiant Raises $25m in Series B Funding Round Led by Microsoft's M12
Wednesday, October 24, 2018
GlobeNewswire
Syntiant Corp., an artificial intelligence semiconductor company that is creating an entirely new class of ultra-low-power, high-performance, deep neural network processors for edge computing, today announced it has raised $25 million in Series B funding led by M12, Microsoft Corp.'s venture fund. Other strategic investors that participated in the raise include the Amazon Alexa Fund, Applied Ventures, Intel Capital, Motorola Solutions Venture Capital and Robert Bosch Venture Capital.

Silicon Mobility Completes $10 Million Series B to Revolutionize Electric and Hybrid Vehicle Power Efficiency
Thursday, October 11, 2018
Business Wire
Silicon Mobility, a full stack semiconductor technology player powering control solutions for a cleaner, safer and smarter mobility, has announced the completion of its $10 million Series B funding led by Capital-E and Cipio Partners including undisclosed private industry investors.

MTPV Power Secures $16M in Series C Financing
Tuesday, October 2, 2018
FinSMEs
MTPV Power Corporation, a clean energy company that converts heat to electricity using semiconductor chips, raised $16M in a Series C financing led by Lake Bridge Capital.

Cohu Completes Acquisition of Xcerra
Monday, October 1, 2018
Business Wire
Cohu, Inc. announced the completion of its acquisition of Xcerra Corporation. The combination creates a global leader in back-end semiconductor equipment and services, and printed circuit board test with a breadth of products that are unmatched in the industry.

Intel Buys SoC IP Vendor NetSpeed
Tuesday, September 11, 2018
EE Times
Intel announced it acquired startup NetSpeed Systems, a Silicon Valley-based provider of SoC design tools and interconnect fabric IP.

Kaga Electronics Acquires 70% Shares in Fujitsu Electronics from Fujitsu Semiconductor
Monday, September 10, 2018
Company Release
Kaga Electronics Co., Ltd. and Fujitsu Semiconductor Limited (FSL) announced that they have entered into a definitive agreement whereby Kaga Electronics acquires 70% shares in Fujitsu Electronics Inc. (FEI) from FSL.

Renesas to Acquire Integrated Device Technology, to Enhance Global Leadership in Embedded Solutions
Monday, September 10, 2018
Business Wire
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Integrated Device Technology, Inc., a leading supplier of analog mixed-signal products including sensors, connectivity and wireless power, today announced they have signed a definitive agreement under which Renesas will acquire IDT in an all-cash transaction representing an equity value of approximately US$6.7 billion.

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