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.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
