US-India Fabless Semiconductor Company Insilica has announced US$18 million in new financing of which will enable the company to accelerate its growth in a broader range of target customers and geographies. Participants in the round included Intel Capital, Flextronics, Crossbow Ventures, Dow Ventures, and NewPath Ventures.
Sofinnova Partners has led a €10.6 million financing in Accent, STMicroelectronics and Cadence Design Systems joint venture company. The investment follows STMicroelectronics’ decision to divest its majority shareholding in Accent as outlined in its 2005 plan to focus its attention on its core businesses and markets. The Italian Private Equity firm CAPE Natexis and a group of business angels have also participated in this financing.
Intel Corporation has issued the following statement from Bruce Sewell, senior vice president and general counsel, in response to the decision by the European Commission's Directorate General for Competition to issue a statement of objections concerning the company's business practices.