[3] He then went on to serve as CFO of three startup companies the last of which was the troubled semiconductor manufacturer Monolithic Memories (MMI).
In 1987, in a $442 million stock swap, MMI was merged with Advanced Micro Devices[6] to become the world's largest integrated circuit manufacturer.
[3][7] In 1988, he served as Managing Director of investment banking firm Dillon, Read & Co.[4] In 1990, he joined early-stage venture capital firm, U.S. Venture Partners,[4] where he served as General Partner.
[3] He previously served on the Boards of Directors of SanDisk, Checkpoint Software Technologies and Mellanox, Inc.[3] Federman served two terms as Chairman of the U.S. Semiconductor Industry Association;[8] he served on the board of directors of the National Venture Capital Association, and served two terms on the Dean's advisory board of the Leavey School of Business at Santa Clara [3] Federman received Torch of Liberty Award from the Anti-Defamation League and the Brotherhood Award from the Silicon Valley Conference for Community and Justice.
In 2004, Federman was inducted into Junior Achievement's Silicon Valley Hall of Fame.