MOSCHIP GETS EQUITY FUNDING

Hyderabad
The Hindu

MosChip Semiconductor Technology (MosChip) has secured working capital funding of Rs 16 crore. Sathya Kalyanasundaram, CFO, disclosed that the funds would be used to support the increased sales commitments that the company had begun executing in the current year. He said the company was also in talks with private equity and mutual fund investors over possible investments in MosChip. The company, which won acclaim for its chip processor for digital content management would launch three more chips by the end of 2008.