Active-Semi Secures $6 Million Credit Facility With Silicon Valley Bank
Summary
SANTA CLARA, Calif., June 15, 2011 /PRNewswire/ -- Active-Semi International, Inc., which designs and sells analog semiconductors for mobile devices, has secured $6 million in debt financing from Silicon Valley Bank (SVB), financial partner to technology and life science companies of all sizes worldwide. "As a global company experiencing rapid growth, we value Silicon Valley Banks ability to facilitate the financing we need to increase capacity and to expand our US R&D center," said Larry Blackledge, CEO of Active-Semi. SVB Financial Group established operations in China in 2005 and today has staff in Shanghai and Beijing that helps make introductions to Silicon Valley Bank in the U.S. Founded in 2004 in Silicon Valley, California, Active-Semi has assembled an international team of analog semiconductor experts, delivering a powerfully unique, innovative product portfolio. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients success.