Samsung Venture Investment Corporation (SVIC), the global investment arm of Samsung,has invested in Voltaix, a provider of materials that enhance the performance of semiconductor chips, solar cells, and other electronic devices.

However, both of them have remained tight-lipped about the amount invested.

Voltaix manufactures electronic chemicals and gases used in semiconductor manufacturing processes at major integrated circuit fabs worldwide. The company also supplies deposition precursors for the production of advanced photovoltaic cells.

New Voltaix materials will also enable next generation LED  and power electronics advancements and cost reductions.

"The financing from SVIC will enable us to continue building our worldwide infrastructure and will further accelerate our new product pipeline development activities," says Peter Smith, CEO of Voltaix. "We believe our materials innovations will help drive new device architectures and manufacturing technologies to high volume manufacturing," Smith adds.

Dong-Su Kim, SVIC Senior Investment Director notes, "The increasing demand for novel gases and materials in electronics fabrication has attracted our attention. Based on our analysis of the future demand and the players in the space, we found Voltaix to be the leader and are quite excited about our equity investment."