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II-VI to Acquire Ascatron, Outstanding Interests in Innovion
Thursday 13 August 2020

US-based compound semiconductors company II-VI Inc. (NASDAQ: IIVI) has entered into a definitive agreement to acquire all the outstanding shares of Sweden-based Ascatron AB, a specialist in silicon carbide epitaxial wafers and devices for power electronics.

II-VI also said it will acquire all the outstanding interests of the owners of the parent of Innovion Corp., a specialist in ion implantation technology for silicon and compound semiconductor devices.

Both transactions are scheduled to close by the end of calendar year 2020.

Ascatron produces SiC epitaxial wafers and devices that enable a wide range of high-voltage power electronics applications.

Ascatron is led by a team of experts in wide-bandgap materials with more than 200 person-years in the SiC and semiconductor industry, bringing world-class competence to SiC development and production processes.

Innovion is the largest provider of ion implantation services in the world, with 30 implanters across a global footprint that support unique capabilities in semiconductor materials processing for up to 300 mm wafers.

Innovion's processes enable doping in a wide range of semiconductors, including silicon carbide, gallium arsenide, indium phosphide, and silicon, to produce advanced devices.

SiC represents a disruptive technology in power electronics with its differentiated advantages that are pivotal to electric vehicles, renewable energy, microgrids, and power supplies for data storage and communications.

SiC achieves superior efficiency, higher energy density, and lower total system-level cost of ownership compared with state-of-the-art silicon-based devices.

Power electronics based on SiC have demonstrated their potential to have a highly beneficial impact on the environment via significant reductions in carbon dioxide emissions and energy consumption.

As a part of its vertical integration strategy, II-VI is leveraging its broad engineered materials and optoelectronic device technology platforms, as well as its manufacturing capabilities around the globe, to drive scale and innovation through the development of high-performance compound semiconductor devices.

II-VI Inc., a specialist in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace and defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets.

Headquartered in Saxonburg, Pennsylvania, the company has research and development, manufacturing, sales, service, and distribution facilities worldwide.

The company produces a variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers.
Date Published: 13/08/2020