LONDON Fifteen fabless chip companies and semiconductor suppliers raised $93.5 million in November 2009, according to industry organization the Global Semiconductor Alliance.
The amount represents an increase of 19.4 percent from October 2009 and 43.8 percent from November 2008.
Breaking the numbers down the GSA states that eleven fabless companies raised $57.0 million in November, which is an increase of 9.6 percent year-on-year. The number of chip vendor deals increased by four sequentially and six year-on-year. At the same time four semiconductor suppliers raised $36.5 million, an increase of 180.8 percent year-on-year. The number of semiconductor supplier deals closed increased by one on both a monthly and yearly basis.
The data was contained in a report authored by GSA president Jodi Shelton. "The YoY and MoM increase in semiconductor funding in November 2009 spurs hope that the venture capital environment is improving," Shelton wrote before quoting Gartner analyst Jim Tully from Semiconductor startup funding fell in 2009, says Gartner.
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