Intel continues to invest in MEMS-based memory maker
Nanochip Inc, a developer of microelectromechanical systems (MEMS) silicon data storage chips, has garnered addition funding from Intel Capital and said this week that it will complete development of its first ultra-high capacity storage chip prototypes later this year.
Intel was joined in the $14 million series C2 funding round by JK&B Capital, also a previous investor to Nanochip, and an additional, unnamed investment company.
The financing will allow Nanochip to complete its first prototypes and support design verification testing and limited customer sampling in 2009, the Fremont, Calif-based company said. Nanochip is targeting the computer, server, and consumer electronics markets with the chips.
