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

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

The invest­ment and fund­ing will make it pos­si­ble to bring the patented, pro­pri­etary EFIITRON tech­nol­ogy, which has been tested on a lab­o­ra­tory scale, to indus­trial matu­rity and to demon­strate its first indus­trial use. Chip man­u­fac­tur­ers will use EFIITRON in the future to reduce chip costs, increase reli­a­bil­ity and real­ize new com­po­nent and wafer archi­tec­tures. Chip man­u­fac­tur­ers will ben­e­fit from the 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 ener­gies, AI data cen­ters, trac­tion and indus­trial dri­ves. Renowned stud­ies expect a mar­ket vol­ume of > $6 bil­lion in 2027 with a CAGR of 30–40%. mi2-fac­tory has set itself the goal of pro­cess­ing more than 30% of all SiC wafers with EFIITRON sys­tems in the long term.

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

About IBA

IBA (Ion Beam Appli­ca­tions S.A.) is a world leader in par­ti­cle accel­er­a­tor tech­nol­ogy. The com­pany is the lead­ing provider of equip­ment and ser­vices in the field of pro­ton ther­apy, which is con­sid­ered the most advanced form of radi­a­tion ther­apy avail­able today. IBA is also a lead­ing player in the fields of indus­trial ster­il­iza­tion, radio­phar­macy and dosime­try. Based in Lou­vain-la-Neuve, Bel­gium, the com­pany employs around 2,000 peo­ple world­wide. IBA is a cer­ti­fied B Cor­po­ra­tion (B Corp), which meets the high­est stan­dards for ver­i­fied social and envi­ron­men­tal stan­dards. IBA is listed on the pan-Euro­pean stock exchange EURONEXT (IBA: Reuters IBAB.BR and Bloomberg IBAB.BB).
For more infor­ma­tion: www.iba-worldwide.com

About Wallonie Entreprendre

WE Inter­na­tional (Wal­lonie Entre­pren­dre Inter­na­tional S.A.) is the inter­na­tional arm of the Wal­loon pub­lic invest­ment com­pany Wal­lonie Entre­pren­dre S.A. For more than 20 years, WE Inter­na­tional has been ded­i­cated to financ­ing Wal­loon com­pa­nies with projects abroad that bring sig­nif­i­cant eco­nomic ben­e­fits to Wallonia.
For more infor­ma­tion: https://www.wallonie-entreprendre.be/en/expertises/international/

About bm|t

Erfurt-based beteili­gungs­man­age­ment thürin­gen (bm|t) — a sub­sidiary of Thüringer Auf­baubank — is the first port of call for equity invest­ments in Thuringia. bm‑t cur­rently man­ages twelve invest­ment funds with a total vol­ume of EUR 445 mil­lion. bm‑t invests in inno­v­a­tive and fast-grow­ing com­pa­nies from all sec­tors and in all phases of the cor­po­rate life cycle.
For more infor­ma­tion: www.bm‑t.de

About mi2-Factory

mi2-fac­tory GmbH was founded in Jena in 2016 as a spin-off of the Ernst Abbe Uni­ver­sity of Applied Sci­ences in Jena. mi2-fac­tory GmbH devel­ops and mar­kets its inno­v­a­tive EFIITRON wafer pro­cess­ing tech­nol­ogy for SiC chip pro­duc­tion. Chip man­u­fac­tur­ers use EFIITRON to reduce chip costs, increase reli­a­bil­ity and real­ize new com­po­nent and wafer archi­tec­tures. Cus­tomers of mi2-fac­tory include well-known chip man­u­fac­tur­ers from Europe, Japan and the USA. mi2-fac­tory has applied for 16 patent fam­i­lies, of which a total of 30 patents have been granted in Ger­many, the USA, Europe, Japan and China.
For more infor­ma­tion: www.mi2-factory.com