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GSC Scores $17.5 Million

Global Communications Semiconductor has raised $17.5 million in Series D equity funding led by TCW/YFY Investment Partners

January 14, 2002

1 Min Read

TORRANCE, Calif. -- GCS, Inc. (Global Communications Semiconductor, Inc.), a leading pure-play III-V compound semiconductor foundry service provider, announced today that it has raised $17.5M in Series D equity funding. TCW/YFY Investment Partners, Ltd. led this round of financing and was joined by several new and existing financial investors, including the FIC group, Kwang Hua Investment Holding, and SinoStar Capital."The strength of GCS’ technology and proprietary world-class foundry process is evidenced by the substantial backing of our new and existing investors," said Dr. Owen K. Wu, CEO and President of GCS. "This round of financing should see GCS through to profitability and an eventual IPO. GCS will utilize these funds for the acquisition of tools to further enhance technological and manufacturing capabilities essential to our company’s success." Continued Dr. Wu.Global Communications Solutions Inc. (GCS)

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