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China investment holding firm buys Swedish MEMS foundry

Posted: 30 Sep 2015 ?? ?Print Version ?Bookmark and Share

Keywords:GAE? TSV? MEMS? foundry? Silex Microsystems?

GAE Ltd, an investment holding company based in Hong Kong, has acquired Silex Microsystems AB (Jarfalla, Sweden), a pure-play MEMS foundry. It has also begun the construction of a wafer fab in Beijing to expand the company's production capacity.

GAE has been created to invest in the semiconductor industry and it acquired 98 per cent of the shares in Silex on July 13, 2015 when former shareholders CapMan, Priveq, Northzone and Startupfactory, agreed to sell all of their holdings in the company.

The amount paid by GAE was not disclosed. Some time ago market research firm Yole Developpement estimated that Silex had $34 million of sales in 2012.

Silex founder and CEO, Edvard Kalvesten retains two per cent of the shares in the company and continues his role as CEO and board member of Silex. No changes have been made to the organisational structure or business operations of Silex and all members of Silex executive management team remain in their respective functions after the transaction.

Tomas Bauer, SVP of sales and business development at Silex, told the European MEMS Summit that the Beijing wafer fab shell is complete and that first wafers are expected out in mid-2017.

Bauer did not indicate how much is being spent in Beijing on Silex's next fab or what the manufacturing capacity will be on completion. He said that the company would use the same equipment set it has deployed in the recent investment in Jarfalla.

Silex has 6in and 200mm wafer fabs in Jarfalla and has just finished spending $12 million on upgrading in Sweden. He quoted the production capacity as 400k litho layers per year on 6in wafers and that one million litho layers could be characterised per year on 200mm wafers.

Among Silex's strengths are experience built up with its own forms of through-silicon via (TSV) that it calls Silvia and Metvia depending on whether the conductor is silicon or metal. Silex is also introducing the use of lead-zirconate titanate as piezoelectric material for novel applications such as energy harvesting.

- Peter Clarke
??EE Times Europe

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