Inpria announces Mark Slezak to its Board along with raising $31m Series C funding led by JSR Corporation

– USA, OR –  Inpria, a pioneer in high-resolution metal oxide photoresists for extreme-ultraviolet lithography, today announced that it has secured $31 million in Series C funding led by photoresist manufacturer and existing investor, JSR Corporation alongside a broad syndicate representing leaders from across the semiconductor manufacturing ecosystem.

New investors included SK hynix Inc. and TSMC Partners. The round also included participation from existing investors Air Liquide Venture Capital ALIAD, Applied Ventures, Intel Capital and Samsung Venture Investment Corporation.

“Inpria is the world leader in metal oxide photoresists for advanced EUV lithography process,” said Mark Slezak, President of JSR Micro and new Inpria Board Director. “We are excited to expand our partnership with Inpria as we collaborate with them on quality and overall market acceptance.”

Comprised of tin-oxide nanoclusters, Inpria photoresists deliver higher resolution with building blocks a fraction the size of traditional polymer-based resists which are tuned to optimally absorb EUV photons. With unparalleled etch selectivity, Inpria photoresists enable simpler manufacturing flows and larger process windows for an overall reduction in the cost of ownership. Inpria recently brought online its high-volume manufacturing plant to support the initial production ramp for customers.

“We believe our investor participation serves as an indicator for Inpria’s strategic significance to the semiconductor industry. We are delighted that our investor base now includes all semiconductor manufacturers worldwide that are currently adopting EUV patterning. This achievement is complemented by the strong participation of photoresist, equipment and industrial chemical manufacturer investors as well,” added Andrew Grenville, CEO of Inpria. “We look forward to working with our global partners to deliver a breakthrough EUV photoresist platform to the industry.”

About Inpria

Inpria Corporation is the world leader in metal oxide photoresist design, development and manufacturing. Inpria’s EUV photoresists enable semiconductor manufacturers to realize the full potential of EUV lithography.

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About JSR Corporation

JSR Corporation is a multinational company employing more than 9,000 people worldwide and a leading materials supplier in a variety of technology-driven markets. JSR’s global network is headquartered in Tokyo and has factories and offices in Europe, USA, China, Taiwan, Korea, Singapore and Thailand. JSR is a research-oriented organization that pursues close collaborations with leading innovators in a number of industries that are key to the present and future welfare of human society: life-sciences, energy storage, synthetic rubbers, electronic materials, display and edge computing-related items.

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About SK hynix Inc.

SK hynix is a global leader in producing semiconductor, such as DRAM, NAND Flash and CMOS Image Sensors. With these technology-driven semiconductor products, SK hynix consistently led the industry and is now the second-largest memory chip maker.

IT devices become more pervasive as new imaginative and innovative IT products continue to grab imagination and desires of consumers. SK hynix has enhanced its competency with the best level of technology and a wide range of business portfolios in order to satisfy all those demand from customers. As a member of SK Group, SK hynix is aiming at becoming the world’s best semiconductor company.

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ALIAD is a world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 67,000 employees and serves more than 3.7 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.

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About Applied Ventures

Applied Ventures, LLC, is the venture capital arm of Applied Materials, Inc. Applied Materials is the global leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world.

For more than a decade, Applied Ventures has invested in startups that are pioneering innovations in smartphones, augmented and virtual reality, AI, driverless cars, big data, life sciences, 3D printing, robotics, cleantech, and advanced materials.

Applied Ventures is stage agnostic and invests up to $50M per year globally. We have invested in over 75 companies across 13 countries.

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About Intel Capital

Intel Capital, Intel’s strategic investment organization, backs innovative technology startups and companies worldwide. We invest in a broad range of hardware, software, and services.

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About Samsung Venture Investment Corporation

Samsung Venture Investment Corp. Samsung Venture Investment Corporation operates as a venture capital firm. The Company focuses on technology, internet, semiconductor, and software sectors. Samsung Venture Investment serves clients in South Korea.

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