iDEAL Semiconductor Successfully Concludes Series C Funding Round

iDEAL Semiconductor has successfully concluded its Series C funding round, amassing a total of $75 million. Additionally, it has declared that its cutting-edge SuperQ technology is now widely accessible and can effectively decrease power loss.

According to the company, MOSFETs utilizing SuperQ at 200V exhibit resistance that is 6 times lower than existing silicon and 1.6 times lower than GaN. In addition, the company asserts that motor drive inverters fashioned with SuperQ technology can reduce power losses by up to 50%. As a result, the company intends to expand its workforce, increase product diversification, and augment its manufacturing capacity in the United States.

To further enhance its market presence and capitalize on the success of its Series C funding round, iDEAL Semiconductor is planning to invest in research and development activities. The company aims to create innovative technologies that can address the evolving needs of its customers and help them achieve their sustainability goals. Additionally, it plans to collaborate with industry partners and participate in key events and exhibitions to showcase its products and services.

The company's decision to expand its manufacturing capacity in the United States is also a strategic move, as it will enable it to leverage the country's robust technology infrastructure and access a highly-skilled workforce. Furthermore, it will allow it to reduce delivery times and shipping costs, which could result in significant benefits for its customers.

Overall, iDEAL Semiconductor's successful completion of its Series C funding round and the general availability of its SuperQ technology have placed it in a strong position to pursue future growth opportunities. With its focus on innovation, collaboration, and customer satisfaction, the company is poised to make a significant impact in the semiconductor industry.