Wednesday, November 6, 2024

Chipmetrics Secures €1 Million from Business Finland to Drive Global Expansion in Semiconductor Metrology

Helsinki, Finland – 6 November 2024 – Chipmetrics Oy, a pioneering leader in 3D thin film semiconductor metrology, announces that it has been awarded 1 million euro from Business Finland’s Young Innovative Company (YIC) funding programi. The fund’s purpose is to support promising Finnish startups that demonstrate potential for substantial global growth and innovation, with funding from it awarded exclusively to startups of less than five years of age with outstanding business potential. The funding represents state-level recognition of Chipmetrics’ progress and level of maturity as it steps up its efforts to enable the semiconductor industry to transition to 3D chips. It will primarily be used to amplify the company’s business development activities and support rapid international expansion. 


Chipmetrics' core range of advanced semiconductor metrology solutions already enjoy strong support in markets such as Japan and Korea, with the next business goal being expansion beyond these markets globally. "This is a pivotal moment for Chipmetrics. With Business Finland’s support, we can enhance our product offerings and scale our operations to meet the growing demands of the semiconductor industry,” said Mikko Utriainen, CEO of Chipmetrics at Chipmetrics about the new opportunities the additional support will enable. “Our goal is to drive innovation that will not only benefit our clients but also contribute to the technological advancements in 3D thin-film deposition through better metrology solutions." “When considering who to fund with the Young Innovative Company funding, we require that the company is innovative, it has scalable business model, strong international business plans for rapid growth and they are already able to demonstrate some international sales. We believe Chipmetrics ticks all these boxes very well.” said Marko Kotonen, Senior Advisor at Business Finland.  

The Young Innovative Company funding program is a phased support system intended to accelerate the global growth of promising Finnish companies. The average company that received funding in 2024 was 4 years old with 13 employees, a 420,000+ EUR turnover from a scalable business and strong internationally experience management. Chipmetrics’ selection for this funding underscores its strong commitment to innovation, superior technology development, and its potential to impact the global semiconductor industry. Chipmetrics specializes in ALD, a segment of the semiconductor industry that itself is set to eclipse a trillion euroii by the end of the 2020s.  

About Chipmetrics Chipmetrics Oy develops and delivers metrology solutions for manufacturing processes for the semiconductor industry, focusing on innovative metrology chips and ALD measurement services. Its main product is the PillarHall® metrology chip for near-instantaneous thin film process conformality measurement. Founded in 2019, its head office is in Joensuu, Finland, with employees and sales partners in Japan, South Korea, USA, and Germany. For more information, visit www.chipmetrics.com. 

Press contact: Jonas Klar jonas.klar@chipmetrics.com pr@chipmetrics.com Chipmetrics Oy 

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