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Accelerometer And Sensor Producer MEMSIC Launched A Third Round Of Financing

With $1.9mn in funding from Asian investors, MEMSIC will use the initial investment to expand its manufacturing capacity in anticipation of rapid expansion.
MEMSIC integrates the sensor and mixed signal processing circuits
monolithically onto a single chip that is manufactured on a standard,
sub-micron CMOS process.
CEO Yang Zhao says: 'We are pleased with the investor's confidence in our
products and we plan to use this initial offering to upgrade our
manufacturing facility and increase our visibility in emerging technology
markets.'
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