Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits 
REPAY Stock Rises After Visa Platform Connect Collaboration 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
SpaceX Hires Natural Gas Trader to Meet Growing Energy Needs 
TikTok, DOJ Reach $400 Million Children’s Privacy Settlement 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Nvidia AI Server Prices Set to Rise as Memory Costs Surge 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Standard Chartered Expands Hedge Fund Access for Wealth Clients 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering 
Add as a preferred source on Google
RAMAT GAN, Israel, May 08, 2018 -- Sckipio Technologies, the leader in Gfast chipsets, announced at the Intel Capital Global Summit it has raised $50M USD to date with its latest $10M USD round led by semiconductor leader MegaChips. Intel Capital, Pitango Venture Partners, Genesis Partners, Gemini Israel Ventures, Amiti Ventures, Aviv Ventures, CIRTech Fund and Axess Ventures also invested in the round. The additional investment will be used to support the global rollout of Gfast with tier-1 service providers.
In a recent survey by Broadbandtrends, 80% of service providers plan to deploy Gfast by the end of 2018. “Gfast technology is an important technology, especially in multi-dwelling units (MDUs),” said Teresa Mastrangelo, Broadbandtrends founder.
“We see a tremendous global opportunity for Gfast and see Sckipio as the leading player,” said Akira Takata, MegaChips president and CEO. “Of equal importance, MegaChips has a long history working with Sckipio executives and believes strongly in the company’s team, technology, vision and execution.”
“The Sckipio team has incredible technological foresight and knows how to bring true innovations to the market,” said David Baum, Sckipio CEO. “The new investment will fund R&D at the level required to be a continual leader in the Gfast market.”
About Sckipio
Sckipio, the leader in Gfast, develops award-winning, standards-compliant Gfast modems used to enable ultra-broadband access and mobile backhaul. Sckipio partners with more than 30 companies globally on Gfast and is one of the leading contributors to the ITU-T standard. For more information about Sckipio, visit our website at www.sckipio.com. For more information follow us on LinkedIn, SlideShare and Twitter @SckipioTech.
About MegaChips Corporation
MegaChips Corporation (1st section of the TSE (Tokyo Stock Exchange): 6875) was established in 1990 as the first innovative fabless semiconductor company in Japan. MegaChips exploits expertise in analog, digital and MEMS technology and globally provides LSIs and solutions that are crucial for advancing technology innovation. For more information about MegaChips, visit our website at www.megachips.com.
Media Contacts:
Rainier Communications for Sckipio
Marianne Dempsey/Michelle McMahon
[email protected]
508-475-0025
For MegaChips
Sacha Arts
Slider & Associates
+1 408-458-6316
[email protected]
