TLDR:
Key Points:
- A $300 million fund supported by TSMC and Kleiner Perkins is targeting manufacturing startups in the chip and robotics sectors.
- The fund aims to invest in companies amid the trend of supply chain onshoring.
In a move to support manufacturing startups in areas such as chip and robotics makers, a new $300 million fund has been launched with backing from Taiwan Semiconductor Manufacturing Co. (TSMC) and venture capital firm Kleiner Perkins, among others. The fund is managed by Matter Venture Partners and aims to invest in companies during the trend of supply chain onshoring. Wen Hsieh, a managing partner of Matter Venture Partners and former partner at Kleiner Perkins, discussed the fund’s investment targets and strategy with Nikkei.
