In Brief: Amberwave, Freiberger, DoE Initiative
$25 million more for Amberwave
Amberwave Systems, the Massachusetts Institute of Technology (MIT) spin-out that specializes in strained-silicon and is working on III-V MOSFETs, has raised $25 million in its fourth funding round.
All of Amberwave's existing investors contributed to the latest round, which the Salem, NH, firm says was oversubscribed.
It brings total investment by venture firms in Amberwave to $66.7 million. The company is currently hiring in a bid to expand its research efforts. Earlier this year, it revealed details of a research collaboration with Purdue University that is focusing on the integration of III-V with silicon materials (see related story).
Romanek leaves Freiberger
Klaus Romanek, the CEO of leading GaAs substrate supplier Freiberger Compound Materials (FCM), is leaving the German company.
Following three years at the firm, Romanek will be replaced by Hermann Schenk, who joined the company as recently as June. However, Romanek says that he will be supporting FCM for the remainder of 2006.
DoE offers more funding for LED makers
The US Department of Energy is seeking more applications for funding from the LED community under its solid-state-lighting development initiative.
Jim Brodrick from the DoE says that it is particularly keen to receive applications from industrial organizations for high-priority product development work. "Technical activities are to be focused on a targeted market application with fully-defined price, efficacy and other performance parameters," he added.
In addition, the DoE wants to establish a new technical information network in a bid to engage the SSL community and aid the production and distribution of related technical information.