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SAN JOSE, Calif. -- In general, venture capital funding has dried up in the semiconductor industry. But In-Q-Tel, the venture capital arm of the U.S. Central Intelligence Agency (CIA), continues to invest in the semiconductor and related industries.

The CIA has invested in materials supplier Cambrios Technologies Corp. (Sunnyvale, Calif.). In fact, Cambrios has received investments totaling $14.5 million in a first closing of its Series D financing round.

CIA expands investments in semis