Largest Number of Deals Closed Since Q1 2001
SAN JOSE, Calif. (July 26, 2004) – The Fabless Semiconductor Association (FSA), the global voice for fabless and hybrid semiconductor companies and their foundry and supply-chain partners, announced today that fabless company funding sequentially increased 62 percent year-over-year (YoY) in Q2 2004.
Forty-five fabless companies generated $543.7 million in investments in Q2 2004, compared to 27 in Q2 2003 totaling $335.4 million. The FSA announced this information with the release of its Q2 2004 “Fabless Fundings” report.
The total amount, $1.2 billion, and the number of deals, 90, in the first half of 2004 also increased over previous years. The FSA forecasts that the fabless industry is on pace to raise the largest amount since 2001, when $1.4 billion in funding was generated in the first half.
While the total number of fundings in Q2 2004 increased quarter-over-quarter (QoQ), the total amount of fundings, $543.7 million, declined slightly, compared to $560.1 million in Q1 2004. As a result, both the average, $21.1 million, and median, $10.0 million, amounts raised in Q2 2004 declined, compared to the average, $14.0 million, and median, $12.5 million, amounts raised in Q1 2004.
The FSA also noted that the fabless industry continues to outpace the rest of the semiconductor industry in value funded, compared to the $211.8 million raised by the rest of the semiconductor industry.
About the Fabless Semiconductor Association:
The FSA is the global voice of fabless and hybrid semiconductor companies and their foundry and supply-chain partners. Incorporated in 1994, the Association (www.fsa.org) is focused on the perpetuation of the fabless business model throughout the worldwide semiconductor industry. The organization encourages the relationship between semiconductor companies and suppliers; facilitates business partnerships; creates awareness of the fabless/outsourced business model; disseminates industry data; and fosters standards and policies.
FSA members include fabless companies, integrated device manufacturers (IDMs), foundry providers, packaging/assembly houses, intellectual property providers, electronic design automation companies, OEMs, photomask companies, design software companies, investment bankers, venture capitalists and other companies. FSA members represent more than 21 countries spanning North America, Asia-Pacific, Europe and the Middle East.