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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] SK Square is investing $40 million (approximately 55 billion KRW) in a U.S.-based semiconductor materials company, aiming to create synergies with its affiliate, SK Hynix.
According to industry sources on May 28, SK Square has decided to invest $40 million in NuMat Technologies, a U.S. startup, through its overseas investment arm, TGC Square. The investment is part of an extension round to NuMat’s previous Series C funding and was made at the same company valuation as the initial round.
NuMat Technologies develops specialty gas storage systems used in semiconductor manufacturing by leveraging metal-organic frameworks (MOFs)—materials with a porous structure. SK Square believes NuMat’s technology, which is particularly useful in safely handling toxic gases during manufacturing processes, holds significant potential for synergy with SK Hynix.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
