NanoBridge to the stars and AI internet of things ࢀ" Asia Times

NanoBridge Semiconductor (NBS), a Japanese venture company, has announced a series A preferred stock issue to NEC Corporation, Japan Industrial Partners and other companies valued at approximately à‚¥130 million ($1.25 million at à‚¥104/$). Series A refers to an early stage of fundraising. The funds will support the further development of NanoBridge atomic switch technology in applications which require resistance to radiation, such as aerospace and communications infrastructure. NBS is also working on NanoBridge devices for use in automotive electronics, the IoT (internet of things) and other businesses, aiming for sales of à‚¥5 billion ($48 million) in 2025. NanoBridge(R) is a…