Australia’s largest semiconductor maker, Morse Micro, has banked a $140 million funding round, backed by Japanese chip giant MegaChips, with a view to using its vast network to turbocharge the manufacture and distribution of its energy efficient, long-range WiFi HaLow chips.

In its series B round Sydney-based Morse Micro, which now employs 150 people across Australia, the United States, China, India and the United Kingdom, has taken $100 million from MegaChips. The rest comes from Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital Investment and Malcolm and Lucy Turnbull.