Milpitas, CA – According to filings with the U.S. Securities and Exchange Commission, Empower Semiconductor is raising $44,712,987.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Timothy Phillips played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Empower Semiconductor
The exponential increase in the amount of data being communicated and processed around the globe is driving the energy consumption of datacenters and communications networks to 17% of total electricity demand worldwide by 2030(1), dramatically increasing pollution, carbon emissions and cost. Empower Semiconductor was founded with the mission to minimize the energy footprint of the digital economy by developing novel fully integrated power management solutions that both increase the performance and reduce power consumption of energy-hungry, data-intensive applications. The Empower IVR technology solves the power density challenge to address a wide range of applications including mobile, wearables, 5G, AI, and data centers. In 2020 the capacitor technology platform was added to further address power density. E-CAP revolutionized the capacitor industry as the worlds smallest, highest performing, and incredibly reliable capacitor for wearables, mobile, and SoC applications. The company is based in Milpitas, CA and is led by a team of highly experienced power experts and executives.

To learn more about Empower Semiconductor, visit http://www.empowersemi.com/

Contact:
Timothy Phillips, Chief Executive Officer
408-957-8750
tim.phillips@empowersemi.com
https://www.linkedin.com/in/tim-phillips-1141b34a/

SOURCE: http://www.intelligence360.io
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