20 October 2020
MediaTek invests in VisIC’s Series E funding round
VisIC Technologies Ltd of Ness Ziona, Israel – a fabless supplier of power conversion devices based on gallium nitride (GaN) transistor devices for automotive high-voltage applications – has raised a Series E financing round with participation from MediaTek Inc, the world’s fourth largest global fabless semiconductor company, which develops systems-on-chip (SoC) for a mobile device, home entertainment, connectivity, and IoT products. The new funding will help the firm to enlarge its portfolio of products based on its proprietary D3GaN (Depletion-mode Direct Drive GaN) process for high-power systems in electrical vehicles (EVs).
“This round of financing will help us to enlarge our portfolio and continue to develop a solid manufacturing foundation for existing products,” says CEO Dr Tamara Baksht. “As a great innovative fabless company, MediaTek is a constant source of inspiration for us to work harder and to deliver new technological solutions,” she adds. “We have a lot to learn from MediaTek how to grow innovation and make a difference in the mutual automotive market.”
MediaTek, which addresses several key technology areas including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products, aims to contribute its experience to accelerate VisIC’s innovation and sales.
“VisIC has impressive innovation and development around GaN for high-power electric vehicles that improves the efficiency and performance, from hybrid up to full-electric applications,” says Dr Lawrence Loh, senior VP of MediaTek. “This technology is key to improve electric vehicle performance and affordability.”