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Rohm Haas invests $5M in Nanophase

Posted: 30 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Rohm? Haas Electronic Materials? Nanophase? nanomaterials? Peter Clarke?

The CMP technologies business of Rohm and Haas Electronic Materials (formerly Rodel) inked a partnership with Nanophase Technologies Corp., and invested $5 million in Nanophase.

The two companies have extended an exclusive global partnership for the use of new nanomaterials and nanomaterial dispersions for semiconductor polishing applications through to 2019, Nanophase said.

Under the terms of the deal Rohm and Haas purchased 847,918 shares of Nanophase common stock at a purchase price of $5.8968 per share, or an aggregate $5 million in cash. After the purchase Rohm and Haas owns approximately 4.5 percent of Nanophase.

"We have been working with Rohm and Haas Electronic Materials, CMP Technologies, for over four years and have enjoyed an unusually close, collaborative relationship while penetrating the semiconductor market with current products," said Joseph Cross, Nanophase's president and CEO, in a statement.

- Peter Clarke
EE Times

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