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Files under: News, Tech
Posted by: admin @ 05:46 [1. 06. 11]
 The Russian nanotechnology investment company RUSNANO has agreed to invest $15 million out of $22 million investment in a new round in SiTime Corpotation, an analog semiconductor company developing MEMS-based silicon timing solutions. Based in California and Ukraine, SiTime plans to open a new design center in Russia with new funds, according to Rusnano. The Zelenograd, Russia-based center of SiTime is expected to focus on designing a new generation of MEMS oscillators.
SiTime offers MEMS-based silicon timing solutions including resonators, oscillators and clock generators for telecom, networking, storage and wireless applications. The global market is valued at $5 billion.
SiTime Corporations is funded by Bosch Group, CampVentures, CID Group, Grazia Equity, Greylock Partners, JAFCO Ventures, New Enterprise Associates (NEA), and Northgate Capital.
RUSNANO recently invested in ItN Nanovation of Germany.
Tags: Cinema Park Kinostar, MEMS, MEMS oscillators, ProfMedia Kinostar, RUSNANO SiTime, SiTime 15m, SiTime 22m, SiTime Corporation, SiTime funding, SiTime RUSNANO
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