# Corporate VCs backing Semiconductors (2026 list)

> 48 corporate VCs backing Semiconductors, 96% active in the last 12 months. Led by Intel Capital, Samsung Next, M12. Ranked by what they funded.

Source: https://millionrounds.com/lists/corporate-vcs-semiconductors (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Corporate VCs backing Semiconductors

Updated 7 November 2026

Corporate VCs we have observed in a semiconductors round in the last two years.

[See all 48 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-semiconductors)The top 25

**48** investors on the list No change this week

**494** cheques in 12 months *+20%* against the market

**$33M** median round they joined *+309%* against the market median

**96%** wrote a cheque in 12 months

**58%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 2 [Samsung Next](https://millionrounds.com/fund/samsung-next) *Deploying now* Corporate VC · United States **311** **$15M** median round **Nov 2026** last seen
- 3 [M12](https://millionrounds.com/fund/m12) *Deploying now* Corporate VC · United States **300** **$30M** median round **Oct 2026** last seen
- 4 [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) *Deploying now* Corporate VC · United States **228** **$20M** median round **Oct 2026** last seen
- 5 [Qualcomm](https://millionrounds.com/fund/qualcomm) *Deploying now* Corporate VC · United States **161** **$49M** median round **Aug 2026** last seen
- 6 [Cisco](https://millionrounds.com/fund/cisco) *Deploying now* Corporate VC · United States **158** **$35M** median round **Sept 2026** last seen
- 7 [SoftBank BB Corp](https://millionrounds.com/fund/softbank) *Deploying now* Corporate VC · Japan **158** **$159M** median round **Oct 2026** last seen
- 8 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 9 [Cisco Investments](https://millionrounds.com/fund/cisco-investments) *Deploying now* Corporate VC · United States **128** **$30M** median round **Oct 2026** last seen
- 10 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen
- 11 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 12 [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund) *Deploying now* Corporate VC · United Kingdom **105** **$6.3M** median round **Nov 2026** last seen
- 13 [Microsoft](https://millionrounds.com/fund/microsoft) *Deploying now* Corporate VC · United States **105** **$50M** median round **Sept 2026** last seen
- 14 [Rev1 Ventures](https://millionrounds.com/fund/rev1-ventures) *Deploying now* Corporate VC · United States **89** **$3M** median round **Mar 2026** last seen
- 15 [Swisscom Ventures](https://millionrounds.com/fund/swisscom-ventures) *Deploying now* Corporate VC · Switzerland **83** **$17M** median round **Jul 2026** last seen
- 16 [Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) *Deploying now* Corporate VC · United States **77** **$18M** median round **Oct 2026** last seen
- 17 [Samsung Ventures](https://millionrounds.com/fund/samsung-ventures) *Deploying now* Corporate VC · United States **76** **$20M** median round **Nov 2026** last seen
- 18 [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures) *Deploying now* Corporate VC · Germany **75** **$35M** median round **Oct 2026** last seen
- 19 [Susquehanna International Group (SIG)](https://millionrounds.com/fund/susquehanna-international-group-sig) *Deploying now* Corporate VC · United States **64** **$8.5M** median round **Aug 2026** last seen
- 20 [Aramco Ventures](https://millionrounds.com/fund/aramco-ventures) *Deploying now* Corporate VC · Saudi Arabia **60** **$27M** median round **Sept 2026** last seen
- 21 [Hitachi Ventures](https://millionrounds.com/fund/hitachi-ventures) *Deploying now* Corporate VC · Germany **59** **$31M** median round **Oct 2026** last seen
- 22 [TDK Ventures](https://millionrounds.com/fund/tdk-ventures) *Deploying now* Corporate VC · United States **56** **$27M** median round **Sept 2026** last seen
- 23 [CapitalG](https://millionrounds.com/fund/capitalg) *Deploying now* Corporate VC · Canada **51** **$213M** median round **Oct 2026** last seen
- 24 [Applied Ventures](https://millionrounds.com/fund/applied-ventures) *Deploying now* Corporate VC · United States **43** **$54M** median round **Oct 2026** last seen
- 25 [Stellar Development Foundation](https://millionrounds.com/fund/stellar-development-foundation) *Deploying now* Corporate VC · United States **39** **$4.3M** median round **Sept 2026** last seen

**23 more on this list**

All 48 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-semiconductors)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *Led by* [British Business Bank](https://millionrounds.com/fund/national-security-strategic-investment-fund)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Samsung Next](https://millionrounds.com/fund/samsung-next)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank)
- **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Samsung Ventures](https://millionrounds.com/fund/samsung-ventures)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $20B *With* [SoftBank BB Corp](https://millionrounds.com/fund/softbank)
- **31** Oct **[OpenAI](https://millionrounds.com/company/openai)** Other · $11B *With* [SoftBank BB Corp](https://millionrounds.com/fund/softbank)

## Stages This Year

433 rounds

- Series A **21%**
- Series B **15%**
- Venture **12%**
- Seed **12%**
- Series C **9%**
- Other **31%**

## What They Backed

Sectors, last 12 months

- AI **229**
- Semiconductors **44**
- Hardware & Electronics **41**
- Robotics **37**
- Big Data & Analytics **34**
- Energy **32**

## Cheques by Quarter

Led Joined

115 Q1 25

89 Q2 25

108 Q3 25

114 Q4 25

160 Q1 26

125 Q2 26

126 Q3 26

44 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in industrial and manufacturing

- The British Industrial Revolution in Global Perspective Robert C. Allen · 2009 3.99 from 277 ratings on Goodreads Industrial and manufacturing About the book Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and… On AmazonListen on Audible
- Made in the USA: The Rise and Retreat of American Manufacturing Vaclav Smil · 2013 3.77 from 518 ratings on Goodreads Industrial and manufacturing Company building About the book In Made in the USA, Vaclav Smil powerfully rebuts the notion that manufacturing is a relic of predigital history and that the loss of American manufacturing is a desirable evolutionary step toward a pure service economy. Smil argues that no advanced economy can prosper without… On AmazonListen on Audible
- PRODUCT DESIGN+DEVELOPMENT >IN Karl T. Ulrich · 1994 4.00 from 482 ratings on Goodreads Industrial and manufacturing Company building About the book This book presents a set of product development techniques aimed at bringing together the marketing, design, and manufacturing functions of the enterprise. It treats issues such as identifying customer needs, design for manufacturing, prototyping, and industrial design. On AmazonListen on Audible
- The Most Powerful Idea in the World: A Story of Steam, Industry, and Invention William Rosen · 2010 3.93 from 1,401 ratings on Goodreads Industrial and manufacturing Innovation Company building About the book If all measures of human advancement in the last hundred centuries were plotted on a graph, they would show an almost perfectly flat line, until the eighteenth century, when the Industrial Revolution would cause the line to shoot straight up, beginning an almost uninterrupted… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=industrial).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about corporate VCs backing Semiconductors

### Who are the most active corporate VCs backing Semiconductors?

By cheques observed, the most active are Intel Capital, Samsung Next, M12, Qualcomm Ventures and Qualcomm.

### How many corporate VCs backing Semiconductors are there?

48 are on record. 96% made an investment in the last 12 months and 58% have led a round.

### Which stages do corporate VCs backing Semiconductors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Series B (19%).

### How big are the rounds corporate VCs backing Semiconductors join?

The typical (median) round among the leading investors here is $22M.

### Which sectors do corporate VCs backing Semiconductors back most?

In the last 12 months, mostly AI, Semiconductors and Hardware & Electronics.

### Which corporate VCs backing Semiconductors lead the most rounds?

SoftBank BB Corp (23 led), CapitalG (20 led) and Intel Capital (19 led).

### Where are corporate VCs backing Semiconductors based?

Among the most active, most are based in the United States (16), Switzerland (2) and Germany (2).

### What have corporate VCs backing Semiconductors invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with British Business Bank), firmly (Series A, Nov 2026, with Samsung Next) and Return (Debt, Nov 2026, with Rabobank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)