Japan's INCJ makes second VC deal in chip firm
The Innovation Network Corporation of Japan (INCJ), the state-run fund backed by local corporate capital, will make its second VC investment, in Genusion Inc., a local fabless flash memory developer.
The investment amount will be JPY2.6 billion ($28 million). With capital support, the company expects to boost its sales to JPY30 billion ($324 million) by 2015 and is aiming to file for an IPO. Genusion...
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