Axus Technology is a global original equipment manufacturer located in Chandler, Arizona, with next-generation chemical mechanical planarization (CMP) processing and cleaning tools. It plans to expand now that it has secured $12.5 million in funding from IntrinSiC Investment LLC. With solutions that range from entry-level tools to high-volume manufacturing systems, the new funding will fuel the expansion by enabling Axus to scale up production of its Capstone® and Aquarius™ platforms, targeting high-volume orders from semiconductor manufacturers globally.
The role of CMP equipment in semiconductor manufacturing cannot be overstated. It is the key to creating ultra-flat and smooth surfaces on semiconductor wafers, a crucial step that directly impacts the quality and reliability of the final products. For instance, a non-smooth wafer used in microchip production for a smartphone can lead to defective microchips, resulting in frequent crashes, poor battery life and malfunctioning apps. And no one likes their cell phone when it’s not working!
Dan Trojan, CEO of Axus Technology, highlighted this partnership’s strategic importance: “With this additional funding, we are strongly positioned to support our rapidly growing installed base of high-performance Capstone CMP systems, particularly with our leading-edge, high-volume customers. In addition to strengthening our balance sheet, we expect to significantly benefit from the interaction, support and contribution of IntrinSiC’s principals, whose skill and experience in the semiconductor industry and impressive track record will greatly benefit Axus Technology’s continued growth and evolution.”
As Axus Technology scales up, it helps secure the supply chain and enhances semiconductor capabilities in Phoenix. The capital boost not only strengthens Axus’s balance sheet but also adds another layer to a growing robust infrastructure for technological advancement and economic growth in Phoenix.
