#USA #Fremont #Semiconductor #Mivium #GaN Technology

Mivium Secures Funding for Future Semiconductor Technologies

Mivium, Inc., a pioneer in semiconductor material science based in Fremont, California, has announced a significant boost in its innovation journey. The firm has successfully completed a $5 million equity financing round through the Equifund Crowd Funding Portal. This accomplishment elevates Mivium's total funding to over $6.34 million, enabling a robust acceleration of its mission to deliver high-quality wide-bandgap materials, especially gallium nitride (GaN), to an expanding global market.

In a statement, Eric Tsai, Co-founder and CEO of Mivium, highlighted the importance of this funding, noting, "Silicon's limitations are clear, and this new support allows us to rapidly advance our GaN technology, setting the stage for a transformation in the semiconductor realm."

As technology evolves, the limitations of traditional silicon-based semiconductors become increasingly apparent. Newer materials, especially GaN, promise enhanced performance with superior speed and energy efficiency, making them vital for several high-demand applications, including artificial intelligence (AI) data centers, electric vehicles, and aerospace/defense applications. Despite these advantages, the production of GaN semiconductors has been stymied by issues like the lack of high-quality substrates and prolonged supply chain constraints, leading to escalated production costs and challenges.

Mivium's innovative and patented manufacturing process directly addresses these hurdles. The approach facilitated by Mivium enables scalable and cost-effective production of high-purity GaN while eliminating the toxic byproducts associated with traditional methods. The company's immediate goal is to take its GaN particle prototype to market, followed closely by the production of GaN substrates.

So, what does this mean for the tech landscape? Mivium is positioned at the forefront of a semiconductor revolution, aiming to redefine the energy and power electronics sectors through its advanced materials. By focusing on next-generation semiconductor technology, Mivium not only contributes to the current technological landscape but also sets the foundation for a future where efficiency and performance are paramount.

To learn more about how Mivium is gearing up to power the next generation of technology, interested stakeholders can visit mivium.com.

About Mivium

Founded in 2022, Mivium specializes in cutting-edge semiconductor materials and innovative manufacturing processes. The company’s unique approach to producing high-quality gallium nitride (GaN) is aimed at outpacing traditional silicon semiconductors across various sectors, including power electronics, aerospace, telecommunications, AI infrastructures, photonics, and biotechnology. Mivium hosts a team of experts in material science and semiconductor production, channeling their expertise into pioneering advancements in this essential industry.

For media inquiries, Eric Tsai can be reached at [email protected] or by phone at 626-416-7194.

Disclaimer

This announcement includes forward-looking statements about future events or the performance of Mivium, incorporating expectations around technology evolution and market acceptance. These statements are based on current assumptions and inherently carry risks and uncertainties, which may cause actual results to diverge significantly from those expressed. Factors such as technological hurdles, market competition, changes in regulations, and resource availability could influence the realization of these projections. Mivium does not commit to updating these statements to reflect later circumstances.