SMBC, NEC-backed VC fund backs US semiconductor firm
Innovative Venture Fund, an early stage investment fund set up by Japan's NEC Capital and SMBC Venture Capital, has a led a round of investment in SiTime Corp, a US-based semiconductor company. Additional participants in the round included Hercules Technology Growth Capital, which provided the company with debt financing. Financial details were not disclosed.
SiTime is an analog semiconductor company that makes components - such as clock generators, oscillators and embedded resonators - used for producing timing signals in electronic products. Applications...
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