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Intrinsic closes £1.35m seed funding round to prototype next generation memory devices
March
22,
2021 – London - Memory innovator Intrinsic Semiconductor Technologies Ltd (“Intrinsic”) has announced the close of a £1.35m seed funding round led by investors UCL Technology Fund and IP Group plc.
The funding will enable Intrinsic to disrupt the $60bn non-volatile memory market by partnering with leading semiconductor research foundry, imec in Belgium, to develop prototypes of its proprietary nonvolatile memory devices using industry standard ‘complementary metal oxide semiconductor’ (CMOS) processing on 300mm silicon wafers.
Memory performance is a limiting factor in nearly all current and emerging computing applications and Intrinsic’s technology will address this through superior performance while adhering to well established and low-cost manufacturing techniques. Non-volatile memory is used in a large and ever-increasing range of electronic products. It is the pe