Nic Brathwaite At Celesta Capital Is Bullish On CHIPS And Science Act

Nic Brathwaite At Celesta Capital Is Bullish On CHIPS And Science Act

Share to Linkedin Nic Brathwaite, Founding Managing Partner of Celesta Capital, is bullish on the worldwide semiconductor industry. "Great technical innovations are built on semiconductors," Brathwaite explained during an interview. Somewhat modestly, he says that there has not been enough VC money going after hardware startups, so Celesta had the "pick of the litter." Brathwaite explained that Celesta has three investment themes: Unsurprisingly, Brathwaite says that he and his partners are big fans of the U. S. CHIPS and Science Act. "Semiconductors are increasingly critical to the global economy," he says, "and it makes sense for governments to pay attention." Although semiconductors may not represent a large part of a country's GDP (gross domestic product), the percentage of a country's GDP enabled by semiconductors is huge and growing. While semiconductors have become ubiquitous in all sectors of the economy (industry, business, agriculture, medical, consumer, military, aerospace, and government), the supply chain has consolidated into fewer and fewer semiconductor manufacturers and OSATs (outsourced semiconductor assembly and test vendors). Brathwaite says this consolidation creates a huge global risk in terms of vulnerability. The failure or elimination of just one semiconductor maker or OSAT puts the entire semiconductor ecosystem at risk. Brathwaite's bullish