Belgian-Chinese MRAM equipment startup raises series B

May 28, 2020 //By Peter Clarke
Belgian-Chinese MRAM equipment startup raises series B
Semiconductor manufacturing equipment company Jiangsu Leuven Instruments (Xuzhou, China) has raised RMB100 million (about US$14 million) in series B round of funding.

The company was founded in 2015 as a joint venture between Leuven Instruments in Belgium and Institute of Microelectronics of the Chinese Academy of Sciences.

The company is pursuing a multi-cavity etching method combined with online cavity cleaning and expects to improve magnetic thin film material etching for the mass production of MRAM memories.

The industry is just starting to embedded MRAM as non-volatile cache memory replacement for flash with foundries TSMC and Globalfoundries able to offer spin-torque transfer (STT) form of the magnetic memory. Spin-orbital torque (SOT) MRAM is expected to become a more general-purpose memory.

The company's LMEC-200 magnetic layer etching cluster machine is used for the etching transition metal and nonvolatile metal materials in the production of MRAMs and magnetic sensors.

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