News Article
GSA sees funding increase
Gsa Reports An Increase In Semiconductor Funding Activity
GSA has released their May 2012 Statistics from the Global Semiconductor Funding, IPO and M&A Update.
In May 2012, venture investment dollars received by semiconductor companies (i.e., fabless companies, integrated device manufacturers (IDMs) and semiconductor suppliers) was $134.5 million, a 42.5% decrease from April 2012 and a 122.7% increase from May 2011.
Ten semiconductor companies received funding; an increase of one MoM and two YoY. Of those ten companies, eight were fabless companies and two were suppliers. The two highest funding amounts received by semiconductor companies in May went to Aquantia Corporation and Violin Memory Inc.
$572.9 million was raised by semiconductor companies in the first five months of 2012, an increase of 9.7% from the first five months of 2011. On May 9th, Audience Inc. priced above its expected range of $14 to $16 by pricing its IPO at $17 per share, raising $89.6 million. In May, there were nine total semiconductor mergers and acquisitions (M&As) announced (i.e., M&As involving entire fabless, IDM and semiconductor supplier companies, not sectors/product lines or foundry facilities); an increase of two MoM and a decrease of nine YoY.
The largest semiconductor M&A deal announced in May occurred when Microchip Technology Inc. acquired Standard Microsystems Corporation (SMSC) for $939.0 million.