Apexone Announces Series A Funding from DCM-Doll Capital Management and Walden International; Company to Leverage Growing Need for Regional Analog Semiconductor Suppliers.SHANGHAI, China -- Apexone Microelectronics, Inc., an emerging fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. , today announced that it has raised US$10 million in a Series A round of venture funding led by DCM-Doll Capital Management and Walden International. Apexone intends to utilize this funding to capitalize on the growing need for innovative semiconductor solutions for the rapidly growing consumer electronics, multimedia and telecom marketplace in Greater China. The Company also announced that David Chao, co-founder and Managing General Partner of DCM DCM abbr. Distinguished Conduct Medal and Lip-Bu Tan, Chairman of Walden International have joined its Board of Directors. "We see tremendous growth prospects for domestic semiconductor suppliers in China," said David Chao, Managing General Partner, DCM. "Apexone's unique, proprietary technology combined with our significant operational experience in the semiconductor sector and with China-based companies creates a strong platform for growth and long term profitability for the company." "Apexone is led by a world-class management and advisory team," commented Lip-Bu Tan, Chairman, Walden International. "This team, combined with a strategic marketing plan and a rich product roadmap, provides the building blocks for a very successful organization." Apexone markets a wide range of proprietary, high-performance analog, mixed-signal integrated circuits and system applications. Its product portfolio includes semiconductors used in a variety of products in multimedia and consumer electronics, as well as silicon solutions enabling broadband and wireless communications. The company is dedicated to domestically expanding its core technology expertise into a full application product lines and total system solutions for the semiconductor design and applications market. "This outstanding round reflects the value of Apexone's deep expertise and product opportunities in leading the analog / mixed-signal fabless to the next trend. By teaming with the top two VCs investing in the Asia Pacific region, Apexone is clearly and uniquely positioned in the region to leverage its technology and marketing expertise to become a leading analog and mixed-signal fabless company Fabless Company The Fabless Semiconductor Association (FSA) defines fabless as follows: Fabless (without fab) refers to the business methodology of outsourcing the manufacturing of silicon wafers, which hundreds of semiconductor companies have adopted. ," said James Gao, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Apexone Microelectronics. About Apexone Apexone Microelectronics, Inc. is a fabless semiconductor company dedicated to becoming the leading provider for a wide range of innovative, high-performance analog, mixed-signal integrated circuits and system applications. Its diverse product portfolio includes integrated circuits or system-on-chips in a rich variety of applications covering multimedia and consumer electronics, as well as silicon solutions enabling broadband access and wireless communications. The company focuses on its established competency of providing power-efficient, high-performance and cost-effective products. Visit Apexone's website at www.apexonemicro.com. About DCM-Doll Capital Management DCM is a top-performing venture capital firm supporting entrepreneurs building early-stage technology companies. DCM manages over US$1 billion and has funded leading technology companies including 2Wire, 51job, About.com (Primedia), Foundry Networks (Nasdaq:FDRY), HireRight, Internap (AMEX AMEX See: American Stock Exchange :IIP IIP Investors In People IIP International Information Programs (US State Department) IIP Index of Industrial Production IIP Iraqi Islamic Party IIP International Ice Patrol (US Coast Guard) ), IPivot (Intel), nQuire (Siebel), Recourse Technologies (Symantec), SMIC SMIC Salaire Minimum Interprofessionnel de Croissance (French: guaranteed minimum wage) SMIC Semiconductor Manufacturing International Corp (Shanghai) SMIC Side Mount Intercooler (NYSE NYSE See: New York Stock Exchange :SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. ), Sigmatel (Nasdaq:SGTL SGTL Silicon Graphics Teaching Laboratory ), PGP Corporation and UUNet (MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. ). DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. Visit DCM's website at www.dcmvc.com. About Walden International Walden International is a leading international venture capital firm that has been providing early-stage technology companies with the advantage of unrivaled global network since 1987. The firm's funds total over US$1.5 billion in committed capital. Walden International's global organized network of multi-cultural professionals spans the United States, Taiwan, Singapore, the Philippines, Malaysia, Japan, India, and China/Hong Kong. For more information, please visit www.waldenintl.com. |
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