Instant champions
Just add government money.
A late Friday night dispatch covering three stories: a chip contender manufactured faster than its chips, fund managers emerging at altitude, and a snack maker in nutrition’s clothing.
We begin in Penang. Sort of.
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GreatAsic Technology on Tuesday announced a US$6.9 million pre-Series A investment led by Vertex Ventures Southeast Asia & India, the venture arm of Singapore’s Temasek Holdings.
Malaysian outfits — Ehsan Capital and Gobi Partners — were along for the ride, as well.
GreatAsic is seven months old but already making waves as it rides the government’s semiconductor policy.
More importantly, it’s one of the first three recipients of design tokens from UK-based chip designer Arm.
Here’s what’s under the GreatAsic hood: