Fidelity Management & Research led a $140m Series D funding round in Empower Semiconductor.

Fidelity Management & Research, an asset manager, led a $140m Series D funding round in Empower Semiconductor, a developer of integrated voltage regulators for AI processors, with participation from Maverick Silicon, CapitalG, Atreides Management, Socratic Partners, Walden Catalyst Ventures, Knollwood, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). “Over the coming quarters, we’re set to transform the AI market with our revolutionary technology, enabling gigawatts of energy savings and improved throughput of AI platforms across data centers worldwide,” Tim Phillips, Empower Semiconductor Founder & CEO.