Deals
Intel-Backed Chipmaker Trigence Said to Sell Stake to Japan Fund
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Trigence Semiconductor Inc., a Japanese chip designer part-owned by Intel Corp.’s venture-capital arm, agreed to sell a minority stake to state-run Innovation Network Corp. of Japan, three people with knowledge of the matter said.
Founded by two former Toshiba Corp. engineers, the company is raising as much as 480 million yen ($4.7 million) in the sale to INCJ, said the people, who asked not to be identified before an announcement.