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BluGlass acquires GaNWorks Foundry


  • BluGlass has acquired contract manufacturer GaNWorks Foundry, Inc. to complete vertical integration of its Silicon Valley fab
  • Under the agreement, BluGlass has acquired core GaN wafer processing capabilities from GaNWorks Foundry, Inc. to be installed at BluGlass
                 o In-sourcing these final steps of the manufacturing supply chain scales BluGlass’ commercial operations, fast-tracks development timelines, and increases production capability
                 o Further reduces manufacturing complexity and wafer production costs
  • The US$800,000 acquisition comprises US$120,000 cash and US$680,000 in new BluGlass shares
                 o The cash component is being funded by the receipt of the Company’s $7.3M R&D rebate

Global semiconductor developer BluGlass Limited (ASX: BLG) has reached an agreement to acquire its commercial contract manufacturing partner, GaNWorks Foundry, Inc. (GaNWorks), for US$800,000. Under the agreement, BluGlass will acquire core gallium nitride (GaN) wafer processing equipment and processes from
GaNWorks, completing vertical integration of its Silicon Valley laser fabrication facility (the Fab). 

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