mi2-factory, a high-tech start-up in the semiconductor equipment field, announces the closing of a EUR 15 million Series A financing round and the approval of a public grant from the ICPEI ME/CT program of up to EUR 23 million.

The Belgian Ion Beam Applications S.A. (IBA), a world market leader in particle accelerator technology, and the public investment company Wallonie Entreprendre International (WE International), together with Beteiligungsmanagement Thüringen (bm|t) and a family office, are investing a total of EUR 15 million in mi2-factory GmbH. The Federal Ministry for Economic Affairs and Climate Action (BMWK) and the Free State of Thuringia are providing an additional EUR 23 million in public funds from the IPCEI ME/CT program.

The investment and funding will enable the scale-up of the patented proprietary EFIITRON technology from today`s laboratory pilot to industrial maturity and showcase its first industrial use. Chip manufacturers will use EFIITRON to reduce chip costs, increase reliability, and realize new component and wafer architectures. Chip manufacturers benefit from EFIITRON`s unprecedented precision and flexibility of deep doping in SiC. This enables a cost reduction of up to 30% for silicon carbide (SiC) chips. EFIITRON is targeting the strategic market of silicon carbide power electronics for e-mobility, renewable energy, AI data centers, traction, and industrial drives. Renowned market studies expect a SiC chip market volume of > $6 billion by 2027 with a CAGR of 30-40%. mi2-factory has set itself the long-term goal of processing more than 30% of all SiC wafers in the market with EFIITRON systems.

The strategic investor IBA contributes its extensive experience and leading know-how in the field of compact particle accelerator technologies to the development and conception of EFIITRON and thus plays a decisive role in the industrialization of EFIITRON technology as a European high-tech processing technology.