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ST launches venture capital fund

Posted: 20 Dec 2011     Print Version  Bookmark and Share

Keywords:semiconductors  technology  applications 

Semiconductor firm STMicroelectronics has launched 'ST New Ventures'—a corporate venture capital fund. The venture fund, which is currently under incorporation, will invest in technology, product and service start-up companies, preferably at early stage, to understand in advance emerging markets for which semiconductor is key.

"Healthcare, cleantech and smart infrastructures are among the main areas of focus," the company said.

Aside from financial investments, Geneva-headquartered fully-owned subsidiary will bring to its portfolio companies a comprehension of the semiconductor industry—from technology to products, manufacturing and markets worldwide—and the experience of how semiconductors can enable new applications.

The fund will co-invest with financial and corporate venture capitalists and has been designed accordingly.

"ST has always been pursuing aggressively emerging trends which have eventually led to major new market inroads for the company. Where and how silicon could be used today can go well beyond its recognised markets and applications. ST New Ventures is a formidable tool to bring a different angle to ST's perspectives" said Loic Lietar, managing director, ST New Ventures.

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