Qualcomm, others invest $46M in AMEC
Mark LaPedus
(03/10/2010 11:34 AM EST)
URL: eetimes.com
SAN JOSE, Calif. -- Chinese fab tool specialist Advanced Micro-Fabrication Equipment Inc. (AMEC) has closed its Series D financing round by securing $46 million from existing investors.
They include Shanghai Venture Capital Co. Ltd., Walden International, Lightspeed Venture Partners, Goldman Sachs, Redpoint Ventures, Global Catalyst Partners, InterWest Partners, Bay Partners and Qualcomm Ventures.
Since its inception in 2004, the company has raised more than $150 million from venture capital sources.
"The financing provides extra bandwidth to further position our product and accelerate volume production," said AMEC's Chairman and CEO, Gerald Yin, in a statement. "Despite tight capital markets and a generally difficult environment for start-ups, we kept our aggressive innovation initiatives on track.'
AMEC claims it has shipped its first product, the Primo D-RIE Etch tool, to five companies in Asia. Repeat orders have already been received. It also sells the 300-mm Primo HPCVD system.
Applied Materials Inc. and AMEC (Shanghai) recently said that they have settled all litigation between the respective companies and that all outstanding disputes have been resolved. |
