Mike is the Co-founder and Executive Chairman at iDEAL Semiconductor. He has alternated between start-ups and investment funds. He co-founded five venture-backed tech start-ups and worked as a managing director at private equity funds. He was a Managing Director at Alara Capital, a private equity investment company and was previously a Managing Director at Guggenheim Partners and a Managing Director at TL Ventures. Mike has over 20 years of experience in technology investing and management.
The $52 billion CHIPS Act included in the House and Senate competition bills is intended to kick-start U.S. semiconductor chip manufacturing.
We showed up three years ago saying this is really difficult, there's a concentration of certain types of chips that are only made in certain parts of the world that are geopolitically unstable. Through COVID, there was this realization that we have a serious issue.