The investment coincides with the two-year anniversary of SVTC's emergence as an independent, privately owned enterprise. The company has expanded its services from semiconductor development to new areas that include prototyping and low-volume production of advanced structures for MEMS and high-voltage analog devices, photovoltaic applications for the solar industry, and analytical services for multiple high-tech industries.
"The company is pleased with the support and confidence of its existing investors, as we expand the SVTC concept to provide a wider variety of technical service solutions for our customers," said Joseph Bronson, SVTC's CEO. "SVTC's outsourced development services model gives device manufacturers the opportunity to convert fixed costs into variable costs, avoid significant capital expenditures, and ultimately strengthen their balance sheets." He added that the new funding also positions SVTC well for additional expansion that will allow the company to support customer interests in analog technology, bio-devices, and optical components.
Luis Arzubi, a partner at Tallwood Venture Capital, stated, "Our goal at SVTC is to commercialize new and more efficient devices by enabling large enterprises and entrepreneurs alike to develop the next generation of technology solutions in a cost-effective, IP-secure environment."
"We believe that SVTC's suite of services represents a compelling value proposition in the current environment, as semiconductor innovators look to reduce their development and low-volume production costs," said Robert Morse, a partner at Oak Hill Capital. "The investment reflects our continued commitment to and confidence in SVTC's management team and business model."
Oak Hill Capital Partners is a private equity firm, with more than $8 billion in committed capital. Tallwood Venture Capital, a Silicon Valley venture capital firm, invests exclusively in semiconductor and chip-related technologies.
About SVTC
SVTC Technologies accelerates the development and commercialization of innovative silicon-based technologies and products, cost-effectively and in an IP-secure manner. Through facilities in San Jose, CA, and Austin, TX, SVTC serves customers in rapidly growing markets, such as novel memory, novel transistors, logic, MEMS, biotechnology, image sensors, and high-voltage applications. SVTC offers a suite of leading-edge equipment and services, including full-scale 8 in. and 12 in. process capabilities, advanced CMOS equipment, analytical services, development support tools, and commercialization services. SVTC is co-owned by Oak Hill Capital Partners and Tallwood Venture Capital, along with management. SVTC Technologies is an Equal Opportunity Employer.