CHANDLER, Ariz., May 29, 2024 (GLOBE NEWSWIRE) -- Axus Technology, a leading global provider of chemical mechanical planarization (CMP) equipment, critical for manufacturing semiconductors and compound semiconductors, today announced it has received $12.5 million in capital funding from growth capital firm IntrinSiC Investment LLC. In addition, the company has secured a significant revolving and term line of credit from a leading national bank. As an established equipment manufacturer with a strong installed base and leadership in advanced silicon carbide (SiC) semiconductor processing, Axus Technology has developed a core understanding of technologies related to CMP – specifically, semiconductor wafer polishing, thinning and cleaning. As a result, the company is extremely well positioned to drive toward volume sales of, and enter new markets with, its highly differentiated Capstone® and Aquarius™ platforms. The company will use the equity funds to further these efforts, leveraging its strong capitalization to pursue and fulfill high-volume orders from semiconductor and compound semiconductor manufacturers around the world. "We are thrilled to partner with IntrinSiC Investment to secure funding that supports our expansion. With this additional funding, we are ...