Local semiconductor company Ziptronix announced Monday that it has sold its development lab to Tezzaron Semiconductor Corp. for an undisclosed sum.
The lab will be operated by Novati Technologies, a subsidiary of Tezzaron.
Ziptronix, now based in Raleigh, spun out of nonprofit research organization RTI International in 2000. The company’s technology allows manufacturers to chemically bond semiconductor chips in three-dimensional structures and form electrical connections between them.
Ziptronix said in a statement that it no longer needs to dedicate resources to commercialize its technology because it has been adopted by others.
“As we look to accelerate 3D integration, our focus is increasingly on addressing the needs of the maturing and emerging markets that are adopting our technology via licensing,” Dan Donabedian, CEO of Ziptronix, said in a statement.
Tezzaron plans to use the facility to further develop its own memory chips. The deal includes a clause that will allow Ziptronix’s lab customers to continue to have access to the lab to perform their own development work.
“We get the facility we need for our technology development, fully equipped and staff with seasoned personnel,” said Tom Ayers, CEO Tezzaron, in a statement. “At the same time, Ziptronix retains its ability to support its customers by ensuring they are able to continue their advanced development work in the lab.”