Mivium, a leading innovator in semiconductor material science, announced the completion of a $5 million equity financing round through Equifund Crowd Funding Portal. This brings Mivium’s total funding to $6.34+ million, advancing the company’s mission to deliver high-purity, wide-bandgap materials such as GaN (gallium nitride) to the global market.
With silicon reaching its performance limits, GaN emerges as the next-generation technology, providing superior speed and energy efficiency crucial for applications ranging from AI data centers to electric vehicles and aerospace/defense applications. However, manufacturing GaN semiconductors has long been hindered by the scarcity of high-quality substrates and supply chain constraints, resulting in higher costs and production challenges.
Mivium’s patented process addresses these obstacles by enabling scalable and cost-effective production of high-purity GaN, without the toxic byproducts associated with conventional methods. The company’s first focus is getting its GaN particle prototype to market, followed by GaN substrates.
KEY QUOTES:
“Silicon’s limitations are clear, and this new funding enables us to significantly accelerate the development of Mivium’s GaN technology, which we believe will redefine the future of semiconductors.”
Eric Tsai, Co-founder and CEO of Mivium
