C.J. Cheng
Cross-Border Semiconductor Investment Platform
Technology.
Relationships.
Perspective.
Built across decades of semiconductor and supply-chain relationships, Ten Capital connects founders, capital, and operating ecosystems across North America and Asia.
Investing where AI infrastructure, robotics, intelligent devices, and manufacturing scale converge.
Origin Story
Built through decades of industry relationships.
Ten Capital grew out of long-standing relationships across technology and semiconductor communities. Over two decades, these relationships connected founders, operators, investors, engineers, and industry leaders across the supply chain. Today, TEN invests in North American and Asian deep technology companies with technical judgment, ecosystem access, and long-term conviction.
Fund Management Team
P.N. Tseng
L.C. Wang
01
1990s-2010s Industry Relationships
02
TEN - 2011
03
TEN II - 2014
04
TEN III - 2021
05
CDIB-TEN - 2025
06
Global Platform
We Invest in Builders
Behind every breakthrough technology company is a founder willing to build for a decade.
Ten Capital partners with founders who combine technical depth, long-term conviction, and global ambition.
We believe enduring companies are built by people first, technology second, and capital third.
Capital matters most when it is paired with judgment, access, and patience.
Relationships compound faster than capital.
WHY TEN
Built where AI demand meets Taiwan's supply-chain advantage.
TEN is built on practical investment advantages: proven outcomes, disciplined judgment, deep advisor access, and Taiwan's rare position inside global semiconductor, electronics, and manufacturing ecosystems. This operating perspective helps companies navigate markets, supply chains, and technology domains across borders.
01
Investment Judgment and Realized Outcomes
TEN focuses on practical investment value: identifying differentiated opportunities, supporting execution, and building a record of outcomes that reflects judgment, discipline, and long-term perspective.
02
Taiwan Supply-Chain Advantage
Taiwan sits at the center of the world's most critical semiconductor and electronics supply chains. TEN's team and advisors bring 30+ years of experience across the manufacturing networks behind PCs, mobile devices, semiconductors, and AI infrastructure.
03
AI Moving Into the Physical World
As AI extends from software into robotics, intelligent devices, industrial systems, sensing, and edge infrastructure, TEN focuses on opportunities where technology meets manufacturing and real-world deployment.
04
Taiwan's Cross-Border Operating Position
Taiwan combines manufacturing discipline, entrepreneurial flexibility, engineering depth, and close operating links with Southeast Asia, China, Japan, and the U.S. This gives TEN a practical lens for evaluating and supporting cross-border technology opportunities.
INVESTMENT OUTCOMESSUPPLY-CHAIN INSIGHTTECHNICAL DILIGENCEADVISOR ACCESSCROSS-BORDER EXECUTION
Platform Highlights
Built across three semiconductor-focused funds.
20+ Years
Semiconductor relationships
3 VC Funds
TEN II, TEN III & CDIB-TEN
29 Portfolio Companies
Distinct startup investments
US$76.51M
Aggregate capital deployed
Investment Focus
Focused themes. Long-term industry shifts.
TEN focuses on where AI adoption meets semiconductor innovation, device proliferation, and manufacturing scale.
AI Infrastructure & Physical AI
Compute, memory, data movement, robotics, edge systems, and intelligent devices.
Semiconductor Platforms
IC design, ASIC, architecture, analog, mixed-signal, and power technologies.
Silicon Photonics & Communication
Optical I/O, high-speed transmission, communication infrastructure, and interconnect innovation.
Supply Chain Enablement
Foundry, packaging, testing, manufacturing, equipment, materials, and Asia market access.
Contact
Connect with Ten Capital
For partnership, investment, or strategic collaboration inquiries, please contact us.
Capital TEN Inc.
13 F.-2, No. 76, Sec. 2, Dunhua S. Rd.,
Da'an Dist., Taipei City 106485, Taiwan (R.O.C.)
Email: cj@capital-ten.com