EpiWorks and II-VI Complete merger
Compound semiconductor wafer company EpiWorks has successfully completed its merger agreement with II-VI Incorporated. EpiWorks will operate as a business unit within II-VI and will be expanding its production capacity in Illinois, US. EpiWorks will also continue to operate as an open MOCVD foundry.
"Long-term demand is strong for differentiated semiconductor technology that can be rapidly scaled to high-volume, and EpiWorks now has access to substantial expansion capital, a global footprint and sales support around the world," said David Ahmari, who remains responsible for EpiWorks' sales, marketing and technology.
"Teaming with II-VI allows us to go beyond the typical epiwafer foundry model by offering not just our leading wafer technology and II-VI's substantial scale, but a level of sophistication, flexibility and capability needed in our rapidly evolving industry."
"The combination of II-VI and EpiWorks creates a world class engineered semiconductor materials company that can uniquely innovate and scale next generation technology and production methods. We have an aggressive multi-year plan for additional capacity, new capabilities, and novel products that cover a wide range of industries and markets", said Quesnell Hartmann, who will continue as the general manager of II-VI EpiWorks.