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Soitec acquires LETI spin-off for layer transfer technology |
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Jun 08, 2006 at 10:10 AM |
 Soitec has acquired TraciT Technologies, a company based close to Soitec in Grenoble, France and a spin-off start-up from CEA-Leti also located in Grenoble. According to Soitec, TraciT Technologies was on the verge of starting customer production. Financial details of the deal were not disclosed.
Dr Bernard Aspar, CEO of TraciT Technologies had previously worked at LETI where he developed the Smart-cut process with SOITEC for SOI wafers and had led the laboratory there.
TraciT Technologies had spun-off to commercialize thin-film layer transfer technologies that leverage molecular adhesion and mechanical, as well as chemical, thinning processes for the production of micro-electro mechanical (MEMS) and power circuits.
"The proximity and complementary nature of TraciT Technologies' activities on advanced materials and the similarity of our corporate cultures are reassuring our strategic interest of a merger, which will help drive the acceleration of promising development of TraciT Technologies inside the Soitec Group," said Andre-Jacques Auberton-Herve, president and CEO of the Soitec Group.
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