Singapore’s Silecs received 16 million from venture consortium

Silecs International develops and produces advanced polymers for use in semiconductor mask-making, fabrication and packaging, as well as in displays and solar applications. With customers in Korea, Taiwan, Japan, Singapore, the US, and Europe, its state-of-the-art research and production capabilities have propelled it rapidly to the leading edge of microelectronics.

Silecs has increased its revenue triple in the past two years and will use this investment as an opportunity to move its research, production, and customer support capabilities from its traditional base in Finland into Asia. The investment has allowed the company to establish its new corporate headquarters in Singapore.

Chu Swee Yeok, CEO of EDBI has joined the investee company’s board. In a statement, she commented that Silecs’ relocation of its global headquarters and production capabilities in Singapore will significantly strengthen its Asian presence, while its collaboration with A*STAR's Institute of Microelectronics will advance its Siloxane polymers as enablers for a wider range of applications. “Silecs will also be able to leverage EDBI's international networks to become a leading player in the electronic materials sector," she said.

 

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• Topics
• Expansion
• Technology
• Europe
• Southeast Asia
• Venture
• Tembusu Partners