Cadence CEO: U.S. chip industry needs more VC investments

03/19/2013 | EE Times

The governments of China and India are "pouring money" into their semiconductor industries while chip startups in the U.S. are struggling to find venture-capital funding, Cadence Design Systems CEO Lip-Bu Tan says. "If the VC trend is not reversed, innovation will be threatened, so it's important to see more startups funded," Tan told reporters."The China and India governments are making semiconductors a strategy industry, but I would hate to see those countries have the most semiconductor companies."

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