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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (13311)	2/11/2004 10:02:45 PM
From: StanX Long	Read Replies (1) \| Respond to of 95730

Fabless funding increases 23% in Q4 '03, says FSA Silicon Strategies 02/11/2004, 2:00 PM ET SAN JOSE, Calif.--The Fabless Semiconductor Association (FSA) said that the amount of funding raised by fabless chip companies sequentially increased 23 percent in the fourth quarter of 2003, compared to the previous period. Thirty-nine fabless companies raised $483.6 million in Q4 2003, compared to 34 raising $394.9 million in Q3 2003. The $483.6 million raised was the largest amount of funding in one quarter since Q1 2002, and the 39 fundings represented the most deals closed since Q1 2001, according to the FSA. The FSA's research indicates that fabless semiconductor investments increased 44 percent year-over-year. It also identified 135 fabless companies raising $1.6 billion throughout all of 2003, compared to 109 fabless companies raising $1.6 billion in 2002, a 24 percent increase in the number of total deals closed year-over-year. The FSA also found that the number of companies closing early rounds of funding continued to decline in 2003. Thirty-five percent of all funding deals closed in 2000 went to companies seeking their first round of funding, compared to 33 percent in 2001, 21 percent in 2002 and only 17 percent in 2003. In addition, the average amount of money raised in the first round also continued to decline. In 2000, the average amount closed in the first round was $15.8 million, compared to $8.8 million in 2001, $8.3 million in 2002 and $7.1 million in 2003. "Even with the focus on increased fabless fundings in 2003, it is clear that emerging companies must still demonstrate a combination of proven technology, a strong business model and an experienced management team," said Lisa Tafoya, director of research and projects for the FSA, in a statement.