Voltaix Secures Growth Financing from Samsung
Voltaix, a North Branch, NJ-based provider of materials that enhance the performance of semiconductor chips, solar cells, and other electronic devices, has secured growth financing from Samsung Venture Investment Corporation (SVIC).
The amount of the transaction was not disclosed.
The company intends to use the proceeds to to continue building our worldwide infrastructure and will further accelerate our new product pipeline development activities.
Founded in 1986 and led by Dr. Peter Smith, CEO, Voltaix manufactures electronic chemicals and gases used in semiconductor manufacturing processes at integrated circuit fabs worldwide. The company also supplies deposition precursors for production of advanced photovoltaic cells. The Voltaix’ products have applications in semiconductor logic and memory devices and are expected to enable next generation flat panel display, LED, MEMS and power electronics advancements and cost reductions.
The company currently employs approximately over 150 people at its sites in North Branch, NJ, High Springs, FL, Portland, PA and Yeongi-gun, Choongchungnam-do, South Korea.
23/03/2010: Voltaix Receives $10M in Equity Financing