Belfast-based semiconductor manufacturer IceMOS secures €20M; plans to expand workforce

Belfast-based IceMOS Technology Corporation, a semiconductor manufacturer, has secured $22M (approximately €20M) in a Series E funding round from a London-based investor, 57 Stars LLC, and earlier-stage USA investors.

The latest funding round values IceMOS at a market capitalisation of $110M (approximately €102M) post-money

The company will use the funds to increase strategic manufacturing in Northern Ireland, device design capability, applications engineering, marketing and sales worldwide as it starts preparation to launch mSJMOSTM platforms.

IceMOS will be expanding its global workforce to more than 100 employees post-funding.

Dr. Caoimhe Archibald, Minister for the Economy, adds, “This investment highlights the confidence global investors have in the North and aligns with my vision to drive innovation, productivity, and technological advancement. The 2023 Investment Summit played a key role in showcasing the opportunities here, and it’s encouraging to see significant outcomes like this. I look forward to seeing IceMOS continue to push the boundaries of semiconductor technology, creating high-value jobs in West Belfast and pioneering solutions in sectors from AI to renewable energy.” 

Appointed Niall Lyne as COO

Besides funding, the company also announced the appointment of Niall Lyne as Chief Operating Officer and Executive Vice President, Global Sales.

Nial,l an Industry veteran, held numerous positions with Analog Device, Inc., Intersil, and more recently, Renesas Electronics.

In this position, he will be responsible for optimising company objectives, operations, and revenue growth.

IceMOS: Developing Silicon MEMS-based Power MOSFETs

IceMOS is a private semiconductor company that develops a new type of Silicon MEMS-based Power MOSFETs and sensing devices for efficient power use and sensing applications.

These products, called mSJMOSTM, are developed using a novel semiconductor technology based on IceMOS Intellectual Property of which the company holds over 70 patents.

The silicon-based mSJMOS TM combines Silicon MEMS manufacturing techniques with traditional CMOS Super-junction Power MOSFET structures. This integration results in power MOSFETs that significantly improve energy efficiency.

The merging of mSJMOSTM structures and MEMS manufacturing techniques presents a revolutionary silicon-based technology that can compete with wideband gap devices at 650 Volts, 750 volts, 900 volts, and 1200 volts.

The company has a manufacturing facility in Belfast, Northern Ireland, an innovation center in Arizona, and a design center in Tokyo, Japan.

Our sensing and power technologies are paving the way for more energy-efficient and CO2-saving solutions that support decarbonisation,” says Dr. Samuel J. Anderson, MBE, IceMOS Technology Founder and Chairman.

“Products based on this advanced technology represent a new class of semiconductors, essential to serve the efficiency demands of the massively complex market segments like artificial intelligence (AI), internet of things (IoT), big data, renewables wind and solar, electric vehicles and aerospace applications,” adds Anders.