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New company formed to use NXP’s fab in France
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A new company, named IPDIA, has been created with support from the
French Ministry of Economy, Industry & Labor and local authorities
as well as over €5 million from NXP, Prime Technology Ventures, Emertec
Gestion, Masseran Gestion NCI Gestion and CEA Investissement. IPDIA
will use NXP’s Cote de Nacre facility, near Caen in Northwest France to
fabricate unique 3D silicon devices.
“The technology developed in Caen has great potential and can be used in multiple end-markets, noted Jelto Kromwijk Smits, partner at Prime Technology Ventures. “IPDIA has acquired a unique passive integration technology, and we are very excited to be in the position to support the company in the coming years on its growth path.”
IPDIA is to initially employ 90 people, the majority of whom will be recruited among NXP’s laid-off employees from the facility.
Franck Murray, one of the founding directors, becomes CEO of IPDIA. Murray has more than 25 years of experience working in the semiconductor industry.