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MEMS timing chip maker Sand 9 raises funding from Intel Capital

Sand 9, a MEMS technology company developing precision timing products for wireless and wired applications, announced this week that it has raised a total of $23 million in its Series C financing round led by Intel Capital with significant participation from Vulcan Capital.  Intel Capital and Vulcan Capital join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR.  Sand 9 will use funds to ramp volume production as they go to market and to rapidly expand their product portfolio.

Bosch retains lead as top automotive MEMS supplier

Bosch GmbH Automotive Electronics of Germany retained its position as the world's top supplier of automotive MEMS in 2011, according to an IHS iSuppli report.  Booking $625 million in revenue last year, Bosch's 19 percent expansion from $524 million in 2010 outpaced the 14 percent growth of the automotive MEMS industry as a whole.  It was also $339 million ahead of its nearest rival, No. 2 provider of MEMS, Denso Corp. of Japan, which grew 9 percent to post revenue of $286 million.  Bosch, Denso and the rest of the automotive MEMS Top 10 enjoyed combined revenues in 2011 of more than $2.0 billion, up 11 percent from $1.8 billion the year before, as shown in the table below.