The capital raised will enable an emerging supplier in the field of gallium nitride technology (GaN) to provide solutions and expand its penetration into the fast-growing electric vehicle market.
VisIC Technologies (VisIC), which develops gallium nitride (GaN) technology for high-voltage applications in electric vehicles, has completed a fifth round of funding with the participation of MediaTek – the semiconductor company in the fourth largest model in the world. The recruitment round will help the company increase the supply of solutions for electric vehicles.
“This round of recruitment will help us bring new products to market and strengthen the production capacity of existing products,” says Dr. Tamara Baksht, CEO of VisIC. “We are very pleased that MediaTek has chosen to invest in VisIC. As a semiconductor company operating in the Pebbles model, MediaTek’s commitment to innovation is a source of inspiration that encourages us to work harder on developing new technological solutions that will bring change to the market and contribute to improving the quality of life. We have a lot to learn from MediaTek in cultivating innovation and activity in the automotive market, ”added Dr. Tamara Baksht.
“MediaTek, whose commitment to innovation has transformed it into a leading force in several technology industries – including energy-efficient technologies for the mobile market, automotive solutions and a wide range of multimedia products – has invested in VisIC and will contribute its experience to accelerating VisIC’s innovation and sales.” Adds in decoration.
VisIC has impressive innovative solutions in the field of power systems based on gallium nitride (GaN) that improve the efficiency and performance of hybrid and electric vehicles. We believe this technology is the key to improving the performance and affordability of electric vehicles, ”said Dr. Lawrence Loh, Senior Vice President, MediaTek.
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