Adisyn Ltd (ASX: AI1) Completes Acquisition of 2D Generation
Acquisition Completion
Adisyn Ltd (ASX: AI1) has successfully completed the acquisition of 100% of semiconductor IP business, 2D Generation Ltd (2DG). This completion allows all securities to be issued to 2DG shareholders, with shares escrowed for 6 to 24 months.
Strategic Leadership
Arye Kohavi, the founder and CEO of 2D Generation, will join Adisyn’s board as a non-executive director. Kohavi has a notable track record of innovation and entrepreneurship, having previously founded Water-Gen, a company recognised among the world’s most innovative. He holds an MBA and a BA from the Hebrew University in Jerusalem.
Technological Advancements
2D Generation’s patented technology enables graphene coating at sub-300 degrees Celsius, marking a significant advancement in semiconductor manufacturing. This achievement has the potential to enhance the performance and capabilities of semiconductor interconnects, which are critical for the functionality of integrated circuits.
Future Outlook
Managing Director Blake Burton expressed enthusiasm over the acquisition, stating, “We are extremely excited to have completed this transformational acquisition, and I welcome all new shareholders to AI1.” Kohavi also highlighted the opportunities in the semiconductor industry, focusing on the ongoing development of their technology and partnerships with leading companies.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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