IVWorks secures $4.5m to expand ‘reGaN’ market
IVWorks, a Korean specialist in GaN epitaxial wafer technology, is accelerating its expansion into the GaN semiconductor market through its proprietary ‘reGaN’ technology while continuing to expand its core epitaxial wafer business across multiple advanced device platforms.
Using its epitaxy expertise, the company is positioning itself as a key provider for next-generation RF and power semiconductor applications, including AlN HEMT on SiC, GaN HEMT on Si, and vertical GaN epiwafers.
To support this growth, IVWorks recently closed a funding round of approximately $4.5 million, bringing its cumulative investment to $33 million. The newly secured capital will be deployed to strengthen mass production infrastructure and stabilise the global supply chain, enabling a rapid response to growing global demand for GaN materials and advanced epitaxial solutions.
The company’s ‘reGaN’ technology is built on its core Selective Area Regrowth capability for advanced GaN device integration. Recently, reGaN demonstrated commercial readiness and technical reliability by completing major foundry qualification and supplying qualified products to leading global semiconductor foundries. This solution directly addresses key industry challenges, particularly contact resistance reduction in GaN devices, significantly improving device performance and efficiency.
The technology is currently expanding into E-band and W-band RF applications for satellite communications and wireless backhaul, while also entering AI power delivery markets through PoL converters for advanced computing platforms including HBM and GPU systems.
In parallel with this investment, IVWorks has initiated preparations for a KOSDAQ listing, with Korea Investment & Securities CO., LTD. serving as the lead underwriter. Young-Kyun Noh, CEO of IVWorks, stated, “This investment reflects our shareholders’ confidence in IVWorks’ technical roadmap. We remain committed to solving critical technical challenges for our global partners through reGaN while building a sustainable growth foundation through our planned IPO.”
