SAN FRANCISCO—Venture investment received by semiconductor companies totaled $28.9 million in March, down 82 percent from February and down 85 percent from March 2011, according to the Global Semiconductor Association (GSA) trade group.
A total of eight semiconductor firms received funding in March, down 43 percent from February and down 14 percent from March 2011, GSA said. Of the eight that got funding in March, six were fabless companies and two were suppliers to chip companies, GSA said.
Only one company, Denmark-based Merus Audio, received first round in investment in March, GSA said. One company, Lowell, Mass.-based analog chip vendor M/A-COM Technology Solutions Holdings had an initial public offering in March, GSA said.
The number of mergers and acquisitions in the semiconductor industry increased by six in March compared to February and was flat with March 2011, GSA said. The largest M&A deal in March was Advanced Micro Devices Inc.'s purchase of micro-server developer SeaMicro for $334 million, GSA said.
The GSA's report on semiconductor industry funding for March is available on the organization's website.