Irvine, Calif. - Specific Media, an online advertising network, announced that it has raised $100 million in its second round of venture capital financing, led by Francisco Partners.

Santa Clara, Calif. - Chipmakers Intel and STMicroelectronics, along with private equity firm Francisco Partners, on Tuesday announced plans to create a new independent semiconductor company that will focus on flash memory for cell phones, MP3 players, digital cameras and other consumer electronics.