Silicon Carbide (SiC) chips are the future for power devices. We are raising money to buyout management of a SiC fab which has technology, team, products, and customers. We will turn-around the fab to become an IDM fab to be profitable. The technology is originated from Northrop-Grumman. We have the BP to reach breakeven in 18 months and to be profitable in 3 years. We are looking for $15M for 40% of the company.
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