New Jersey, United States [RenewableEnergyWorld.com] Voltaix, a provider of materials that enhance the performance of semiconductor chips and solar cells, announced that it has received US $12.5 million in financing from Intel Capital, the global investment arm of Intel Corporation. The company said that the investment will accelerate its manufacturing capacity expansion.
Voltaix manufactures electronic chemicals and gases used in “front-end” semiconductor manufacturing processes at leading integrated circuit fabs worldwide.
“We have provided critical materials for semiconductor and thin film solar applications for more than twenty-five years,” said Dr. John 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 US $6.7 billion by 2015.