Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Poor State Of IC VC Investment
The poor state of the semiconductor Investment climate has been highlighted in a report from thr GSA.
In the last twelve months, 38 semiconductor funding deals raised $422.4 million, reports GSA, a decrease of 54.8% from the $934.3 million raised in the previous twelve months.
Semiconductor start-ups received $17.6 million in first round financings in the last twelve months, a decrease of 76.0% from the $73.4 million received in the prior twelve months.
No IPO filings from semiconductor companies were reported in October and there are currently no semiconductor companies awaiting an IPO pricing.
In October 2013, two semiconductor funding deals raised $3.2 million. In 2013, only 32 semiconductor funding deals were announced, a decrease of 56 such deals YTD.
The largest M&A deal in October occurred when Microsemi Corporation entered into a definitive agreement to acquire Symmetricom Inc., a provider of precision time and frequency technologies, for a total estimated transaction value of $230.0 million.