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Axus secures $12.5m in funding from IntrinSiC
What happened
Axus Technology secured $12.5 million in funding from IntrinSiC Investment LLC to support its CMP and SiC operations. This investment aims to strengthen Axus's position in the silicon carbide supply chain. Bullish for Axus's operational stability, though no immediate spot price impact is expected.
Impact and signal
Low impactImpact score: 10/100
Affected components and suppliers
CMPWafer ThinningSiC
Axus TechnologyIntrinSiC Investment LLC
fundinginvestmentSiC
Source and time
Source: Semiconductor Today · 5/29/2024 · View original source
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