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…
