Suniva Raises $75M to Ramp Up Production

sunivaPVThe cost and efficiency of solar are tightly linked — more efficient systems tend to have higher production costs than less efficient ones. But Suniva, a startup based in Norcross, Ga., has developed a technology that is focusing on knocking down the cost while also ratcheting up efficiency of its polysilicon cells. Its investors think it can work, and this morning the company announced that it’s raised a sizable Series C round of $75 million, led by Warburg Pincus, and including APEX Venture Partners, New Enterprise Associates, HIG Ventures and Advanced Equities.

The funds will go toward new equipment for manufacturing, which Suniva started in October of last year — just over a year after the startup was founded. The solar cell maker says it plans to triple the capacity of its first plant in Norcross to 96 megawatts by mid-2009 using 64 megawatts’ worth of new production equipment, and with a total capacity goal of 175 megawatts by early 2010.
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Netlogic to Buy RMI, an Ambitious Network Chip Maker

[qi:gigaom_icon_chip] It was almost five years ago when I first learned about Raza Microelectronics (RMI), which was started by former AMD (s amd) (and Nexgen) executive Atiq Raza. Raza took three projects from his incubator company, Raza Foundries, and merged them to form RMI. From there, RMI went on to buy Sandcraft, a microprocessor startup, and to raise a total of more than $120 million. Today comes news that NetLogic Microsystems (s NETL), a Mountain View, Calif.-based fabless chip maker, has agreed to acquire RMI for $183.4 million in cash and stock. Not much of a return for investors, which include Benchmark Captial, Warburg Pincus, DAG Ventures and Advanced Equities. For NetLogic, however, this is a good buy — RMI has a nice portfolio of products that include chips for 4G networks and wireless backhaul networks, both growing opportunities in and of themselves.