Active-Semi secures $6 million credit facility with Silicon Valley Bank

SANTA CLARA, USA: 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.

For its globally-focused clients, Silicon Valley Bank offers loans and access to banking services that support the off-shore operations of companies, such as Active-Semi, that conduct business around the world. In addition to growth capital financing, Active-Semi will use the new working capital facility in part to finance its account receivables in Hong Kong.

Active-Semi, which does business in China among other global locations and is backed by venture capital firms US Venture Partners (USVP), Tenaya Capital, Selby Ventures and others, leveraged Silicon Valley Bank's global expertise and capabilities to obtain the debt financing.

USVP General Partner Winston Fu said, "Silicon Valley Bank's expertise in venture debt, combined with its expansion into China, is making it possible for US-based companies manufacturing in China to access custom, sophisticated financing solutions that are typically unavailable from other US or international banks."

"As a global company experiencing rapid growth, we value Silicon Valley Bank's 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. "Even in a down economy, we achieved over 30 percent growth last year. 2011 will be even stronger. SVB offered us an informed perspective and access to funding that will help us continue to invest in our growth."

With 800 million units already in the market, Active-Semi continues to develop new PMU/PMICs (Power Management Units / Power Management ICs) to support ARM applications processors and High-Power devices to support Apple iPod/iPhone growth. Active-Semi's AC/DC solutions are currently in 10 percent of the mobile phone chargers worldwide.

As a leader in green power solutions, Active-Semi's innovative products exceed all green power efficiency and standby power standards while providing solutions for the industry's most challenging portable power and system management problems.

"Our mission has always been to help entrepreneurial companies like Active-Semi succeed," said Arman Zand, Senior Relationship Manager based in Shanghai for SVB Financial Group. "To achieve our mission in the current global economy, it is imperative that we are able to develop financing solutions that support international operations, manufacturing and sales. Active-Semi is well positioned to take advantage of the global boom in mobile devices, and we look forward to supporting the firm in the US and internationally."