Friday, March 7, 2008

IMI Gets $8M Investment

Sunnyvale-based Integrated Materials Inc (IMI), a supplier of semiconductor poly silicon products, has received $8M in an investment from semiconductor materials firm Entegris. Entegris said Thursady that it has purchased 14 percent of the equity in IMI for $8M. Entegris also said that the deal includes an agreement to purchase the remaining equity in IMI upon completion of certain closing conditions. IMI develops products used for improving the productivity of semiconductor manufacturing diffusion processes. IMI's high temperature deposition and diffusion processes are used for the manufacturing of silicon wafers.