Voltaix has procured financing from Samsung Venture Investment Corporation (SVIC) to accelerate its manufacturing expansions.
The financing will enable the company to scale up to the meet the requirements emerging in the microelectronics industry.
Voltaix manufactures gases and electronic chemicals that are used in semiconductor manufacturing processes. SVIC is Samsung’s investment arm that partners with start-up and venture capital companies to provide investment solutions for innovations.
According to Voltaix CEO, Dr. Peter Smith, SVIC will use the financing to continue expanding worldwide infrastructure and expedite the development of new product pipelines. The company’s innovations are expected to help in driving new device architectures as well as manufacturing techniques.
SVIC Senior Investment Director, Dong-Su Kim commented that the company was attracted by the accelerating demand for novel materials and gases in the electronics fabrication processes. They discovered that Voltaix is one of the major players in the semiconductor manufacturing industry.
While Voltaix makes materials that enhance the performance of electronic devices, solar cells and semiconductor chips, the company also supplies deposition precursors for advanced photovoltaic cell production. Voltaix products are essential to enable continuous scaling of semiconductor logic and memory devices. The new materials will enable advancements and cost reduction of flat panel display, LED, MEMS and power electronics.
Founded in 1999, SVIC targets investments in Samsung’s IT businesses like displays, semiconductors, cleantech and other emerging areas. The company has offices in Europe, Silicon Valley, Japan and Israel, in addition to the Seoul headquarters.
Source: http://www.voltaix.com/
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