Oregon State University spinout Inpria has agreed to a purchase by its existing shareholder JSR and will become a subsidiary of the petrochemical company.
Inpria, a US-based semiconductor manufacturing technology spinout of Oregon State University (OSU), agreed to an acquisition by petrochemical materials provider JSR for $514m on Friday.
JSR already owns a 21% stake in the company, having backed its series B and C rounds. Following the completion of the deal, expected by the end of October, Inpria will become a wholly-owned subsidiary of JSR.
Founded in 2007, Inpria has created metal oxide photoresists – light-sensitive materials – for a semiconductor…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
