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UK memory startup raises €1.5m, looks to imec

UK memory technology developer Intrinsic Semiconductor Technologies has raised £1.35m (€1.5m) in a seed funding round and plans to engage with Belgian research lab imec.

www.eenewseurope.com, Apr. 07, 2021 – 

The company is a 2017 spin-off from University College London and the funding round was led by UCL Technology Fund and IP Group plc. The money will be used to allow Intrinsic to engage with semiconductor research foundry imec in Leuven.

Intrinsic plans to develop non-volatile memory on 300mm silicon wafers but did not discuss what geometries it plans to work at or a timetable for any collaboration.

Intrinsic's technology is based on the ability to switch the electrical resistance across thin layers of silicon oxide. As such, the research has followed a similar path to that of Professor James Tour at Rice University. Professor Tour's work has been instrumental in the formation of Weebit Nano Ltd., a public company pursuing silicon-oxide based non-volatile memory.

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