Sydney’s Morse Micro raises $59M to scale Wi-Fi HaLow chips globally, bringing total funding to $193M.
What’s happening: Sydney-based Morse Micro has successfully closed a $59 million Series C funding round led by MegaChips, bringing the company’s total funding to over $193 million. The semiconductor company plans to use the capital to accelerate international expansion and scale production of its Wi-Fi HaLow chips.
Why this matters: Morse Micro is Australia’s largest semiconductor manufacturer and represents a significant homegrown success in the critical semiconductor sector. The funding positions Australia as a key player in the emerging IoT 2.0 era, characterised by high-throughput, long-range connectivity solutions that could reshape global IoT infrastructure.
Australia’s semiconductor industry has achieved a significant milestone with Morse Micro’s successful Series C funding round, signalling growing investor confidence in the country’s tech capabilities.
Record funding round
The Sydney-based company raised $59 million ($88 million AUD) in a round led by MegaChips, with participation from National Reconstruction Fund Corporation (NRFC), Blackbird, Main Sequence, Uniseed, Ray Stata, Malcolm and Lucy Turnbull, Startmate, and institutional investors including Hostplus, NGS, and UniSuper.
The funding comes at a pivotal moment for the company, which has been building momentum throughout 2025. This week, Morse Micro announced its HaLowLink 2 global evaluation platform and achieved mass production with leading original equipment manufacturers.
“This funding is another strong vote of confidence in our mission to be the number one wireless IoT chip company in the world,” said Michael De Nil, CEO and co-founder of Morse Micro. “The future of IoT depends on connectivity that is long-range, power-efficient, secure and delivers on throughput, and that’s exactly where we’re leading.”
IoT 2.0 revolution
The fresh capital will support what Morse Micro describes as the ecosystem shift toward IoT 2.0, representing a new phase of Internet of Things development focused on high-throughput, long-range, and highly scalable connectivity.
Wi-Fi HaLow operates in the 850-950 MHz range and is the first Wi-Fi standard tailored specifically to meet IoT needs. This technology offers advantages over traditional Wi-Fi by providing longer range and lower power consumption, making it ideal for industrial and consumer IoT applications.
MegaChips’ continued support reflects the growing commercial viability of Wi-Fi HaLow technology. “We are proud to continue our support for Morse Micro as it leads the global transition to IoT 2.0,” said Tetsuo Hikawa, President and CEO of MegaChips Group. “Morse Micro is uniquely positioned to accelerate the adoption of next generation IoT solutions.”
Australian success story
The funding represents more than just a commercial achievement, serving as validation of Australia’s growing semiconductor capabilities. Morse Micro employs over 130 people in Australia, including employees in regional New South Wales, making it a significant contributor to the local tech ecosystem.
National Reconstruction Fund Corporation CEO David Gall emphasised the broader significance: “Morse Micro is Australia’s largest semiconductor manufacturer and a home-grown Australian success story. Wi-Fi was invented and patented by CSIRO scientists in 1993, and we are proud to be investing in an Australian company that is once again enabling next generation Wi-Fi connectivity for the rest of the world.”
The company has built a reputation for innovation, with its security camera applications receiving global industry recognition, winning IoT Product of the Year awards in both 2022 and 2023.
Global expansion plans
Morse Micro’s strategic positioning includes diversified supply chains to mitigate geopolitical risks. The company maintains dual supply chains for chips and components, with one from mainland China and another from Taiwan, while assembly and warehousing operations are based in Singapore.
The Singapore facility began operations in August 2023 and had produced over 2 million chips by November of that year, demonstrating the company’s ability to scale production effectively.
The Series C funding will enable Morse Micro to accelerate its international market expansion while continuing to develop its Wi-Fi HaLow technology platform. As IoT applications become increasingly sophisticated, the company’s long-range, low-power solutions position it well to capture growing demand across industrial and consumer markets.
With the semiconductor sector becoming increasingly strategic for national economies, Morse Micro’s success represents a positive development for Australia’s technology sovereignty and manufacturing capabilities.
Sources & Links
- Morse Micro funding announcement: PR Newswire
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