VisIC Technologies: Raises $35M in Funding

VisIC Technologies Raises $35M in Funding

• VisIC Technologies, a Ness Ziona, Israel-based world leader in GaN electronics for xEV applications, focused on high-power automotive solutions, raised $35M in funding
• The round was led by GoldenSand Capital and HG Semiconductors through Fast Semi Corporation
• SuZhou industrial partner joined the round as a co-investor with an additional $10M
• Sonny Wu, representing Fast Semi Corporation, will join the Board of Directors of VisICTechnologies
• The company intends to use the funds to expand operations and its business reach
• VisICTechnologies is a world leader in GaN electronics for xEV applications, focused on high-power automotive solutions