Voltaix and Samsung Venture Investment Corporation Partner to Drive New Materials Growth
BRANCHBURG, N.J., Sept. 12, 2012 /PRNewswire/ -- Voltaix, a leading provider of materials that enhance the performance of semiconductor chips, solar cells, and other electronic devices announced it has secured growth financing from Samsung Venture Investment Corporation (SVIC), the global investment arm of Samsung. The investment will accelerate the company's manufacturing capacity expansions to meet the emerging materials requirements of the microelectronics industry.
Voltaix manufactures electronic chemicals and gases used in semiconductor manufacturing processes at leading integrated circuit fabs worldwide. The company is also a market leader in the supply of deposition precursors for production of advanced photovoltaic cells. Voltaix current and emerging products are essential materials that enable continued scaling of semiconductor logic and memory devices. New Voltaix materials will also enable next generation flat panel display, LED, MEMS and power electronics advancements and cost reductions.
"The financing from SVIC will enable us to continue building our worldwide infrastructure and will further accelerate our new product pipeline development activities," said Dr. Peter Smith, CEO of Voltaix, Inc. "We believe our materials innovations will help drive new device architectures and manufacturing technologies to high volume manufacturing," added Dr. Smith.
Dong-Su Kim, SVIC Senior Investment Director said, "The increasing demand for novel gases and materials in electronics fabrication has attracted our attention. Based on our analysis of the future demand and the players in the space, we found Voltaix to be the leader and are quite excited about our equity investment."
About VoltaixVoltaix manufactures specialty materials that enhance the performance and manufacturability of semiconductors and photovoltaics. Utilizing exceptional expertise in silicon, germanium and boron chemistry, our products are custom designed for the most demanding applications, including:
- Advanced DRAM computer memory
- Silicon-Germanium (SiGe) transistors for wireless communications chips
- Strained silicon for high speed logic computer chips (CPUs)
- Copper-enabling low-K dielectrics for logic and memory chips
- High efficiency thin film silicon solar cells
Voltaix materials enable logic chips to compute more quickly and solar cells to absorb a broader portion of the solar spectrum, and they improve manufacturability by minimizing defect formation and increasing machine throughput.
Voltaix is the world leader in the manufacture of a number of electronics products, including germane, diborane, trisilane, and trimethylboron. We use proprietary synthesis, purification, and packaging technology developed in-house. We also design and build the equipment used in our manufacturing operations. The company, founded in 1986, employs approximately over 150 people at its sites in North Branch, NJ, High Springs, FL, Portland, PA and Yeongi-gun, Choongchungnam-do, South Korea. Samsung Ventures Investment Corporation will be joining Intel Capital, Novus Energy Partners, and Mission Point Capital Partners as current investors in Voltaix.
About Samsung Ventures Investment Corporation (SVIC)
SVIC was established in 1999 as the venture arm of Samsung with the mission to be the gateway for open innovation by establishing partnerships with venture capital and start-up companies. SVIC has over one billion dollars under management and targets investments not only in Samsung's traditional IT business, such as semiconductors and displays, but also in cleantech and other emerging areas. Besides the Seoul Headquarters, SVIC has offices in Silicon Valley, Europe, Israel and Japan.
SOURCE Voltaix
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