NETANYA, Israel Intel Capital, Intel's global investment organization, is the sole investor in a $11 million round of funding into Jordan Valley Semiconductors Ltd.
In return, Intel Capital will receive a significant stake in the Israeli company. Jordan Valley has been developing tools for semiconductor metrology based on X-ray technology for over 12 years and holds offices in the Middle East, U.S., Europe and Asia. Applications engineering, customer support services and marketing are located in Austin, Texas.
Jordan Valley Semiconductors (Migdal Ha'emeq, Israel) provides semiconductor metrology solutions for thin films based on what is claimed to be a non-contacting and non-destructive X-ray technology. The company offers a family of solutions based on X-Ray Reflectivity (XRR), X-Ray Fluorescence (XRF), and Small Angle X-Ray Scattering (SAXS) technologies. These tools are said to be fully automated, production ready, and suitable for both blanket and patterned wafers.
Jordan Valley's X-ray technology enables characterization of various film types—including single layers and multilayer stacks, high k and low k materials, metals and dielectrics, amorphous, poly-crystal and single-crystal films. Jordan Valley's primary shareholders are Elron Electronic Industries Ltd. and Clal Industries and Investments Ltd. Research, development, and manufacturing are based in Migdal Ha´Emek, Israel. The X-ray metrology solutions from Jordan Valley are claimed to enable accurate and precise measurements for various thin-film applications in semiconductor manufacturing.
"Jordan Valley provides a very exciting addition to our portfolio," said Heiko von Dewitz, investment director of Intel Capital in charge of Intel Capital's semiconductor investments in Europe and Israel. "Semiconductor manufacturing is an industry with an ever growing demand for innovation, which creates huge growth potential for breakthrough technologies. Intel Capital's investment in Jordan Valley aims to take advantage of such an opportunity with X-ray metrology having reached an inflection point for broad industry adoption."
"Intel Capital has a strong history of investing in Israel," said Arvind Sodhani, president of Intel Capital. "A great deal of innovation is being fostered in this region and Jordan Valley represents a financially attractive investment opportunity that falls in line with our strategy to invest in pioneering technology worldwide."