AMEC secures $58 Million in series C funding

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San Francisco: Advanced Micro-Fabrication Equipment (AMEC), an Asia-based semiconductor equipment player, has announced that it has secured $58 million in series C financing. New investors include Shanghai Venture Capital (SHVC) and Shanghai Pudong Science and Technology Investment. Existing investors including Walden International, Lightspeed Venture Partners, Goldman Sachs, Redpoint Ventures, Global Catalyst Partners, Interwest Partners, Bay Partners, QUALCOMM Ventures and KT Venture Group also participated in the round. In the last 12 months, AMEC has placed Primo D-RIE and Primo HPCVD tools at semiconductor manufacturing fabs in three key Asia regions, and plans to ship additional systems soon to customers in other strategic locations. The Primo D-RIE Etch tool, in particular, has demonstrated superior performance in the field, even exceeding AMEC�s original expectations. Given the positive market reaction and the high growth potential of the Etch segment, AMEC has made a strategic decision to focus its R&D and financial resources on this product in the near term. The new funding will support that effort. Walden International's chairman, Lip-Bu Tan, said, "We commend the management team for continuing to execute on their corporate and technology roadmap while keeping a stringent eye on the bottom line. Closing this substantial round in today�s global financial climate validates the company�s outstanding technology value proposition and smart business strategy." AMEC's CEO, Gerald Z. Yin said, "We are grateful to our investors who continue to generously support us, and we welcome our new financing partners. The last funding event propelled our transition from R&D to production. Now, with tools in the field, we're in an excellent position to support additional growth."

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