SCT SweGaN raises €12m in Series A financing to expand production capacity

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SCT SweGaN raises €12m in Series A financing to expand production capacity

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SweGaN AB of Linköping, Sweden, which manufactures custom gallium nitride on silicon carbide (GaN-on-SiC) epitaxial wafers (based on a unique growth technology) for telecom, satellite, defense and power electronics applications, has completed a Series A financing round totaling SEK125m (€12m). The financing was co-led by Intertech Ventures, Mount Wilson Ventures and European investor Atlantic Bridge, with participation by STOAF of Sweden and global fabless semiconductor firm MediaTek, forming a global network spanning the USA, Taiwan and Europe. Fred Chang of InterTech Ventures, David Lam of Atlantic Bridge and semiconductor manufacturing executive Walter Wohlmuth have joined SweGaN’s board...

Source: https://www.semiconductor-today.com/new ... 1022.shtml
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