IceMOSTechnology Corporation, a semiconductor manufacturer based in Belfast, has raised $22 million in a Series E funding round led by London's 57 Stars LLC, valuing the company at $110 million post-money. The funds will enhance manufacturing and design capabilities as well as support the launch of their mSJMOSTM platforms. IceMOS plans to grow its workforce to over 100 employees. Minister Dr. Caoimhe Archibald highlighted this investment as a sign of global confidence in Northern Ireland's innovation ecosystem, while Niall Lyne has been appointed as Chief Operating Officer to streamline growth and operations.
The recent $22M funding for IceMOSTechnology Corporation reflects investor confidence in Northern Ireland’s tech landscape, promoting growth in semiconductor innovation and job creation.
IceMOS's latest funding round, which valued the company at $110M, aims to enhance manufacturing capabilities and expand its workforce while preparing for mSJMOSTM platform launches.
Dr. Caoimhe Archibald emphasizes that this investment not only signifies global investor confidence in Northern Ireland’s potential but also aims to advance technological solutions in various sectors.
Niall Lyne's appointment as COO is strategic for IceMOS, leveraging his extensive experience in optimizing operations and driving revenue growth in the semiconductor industry.
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