Clifton, a Tartu, Estonia-based high-tech company producing gallium arsenide semiconductors for power electronics, received an investment from QWave Fund, a new, global venture capital fund focused on physics and material sciences.
The company intends to use the funds to retrofit their lab (in the Tartu Science Park) for industrial production.
Founded in 2000, Clifton employs advanced technology for GaAs crystal growth and chips manufacturing process.
The company has created high-voltage semiconductors used by power electronics manufacturers in Europe, Asia and America in industries ranging from mining to space technology.
FinSMEs
02/07/2013