Voltaix receives $12.5 Mn from Intel Capital

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Branchburg: Voltaix, a provider of materials that enhance the performance of semiconductor chips and solar cells, announced that it has received $12.5 million in financing from Intel Capital, the global investment arm of Intel. The investment will accelerate the company's manufacturing capacity expansion. Voltaix manufactures electronic chemicals and gases used in 'front-end' semiconductor manufacturing processes at integrated circuit fabs worldwide. The company is also a supplier of CVD precursors for production of advanced photovoltaic cells. "We have been providing critical materials for semiconductor and thin film solar applications for more than twenty-five years," said Dr. John P. de Neufville, president of Voltaix. "We believe that thin film solar cell production, particularly products that can support Building Integrated Photovoltaics (BIPV), is poised for significant expansion. This financing will help enable us to construct a state-of-the-art manufacturing facility to meet growing demand for thin film energy technologies." According to Deutsche Bank estimates, production of thin film photovoltaics (using amorphous silicon, CdTe and CIGS technologies) will increase more than four-fold between 2007 and 2010. Yole Development estimates that the market segment for thin film photovoltaics will reach $6.7 billion by 2015.

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