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Pure Wafer aims to raise £8 million from AIM listing
UK silicon wafer recycling firm Pure Wafer has announced plans to float on the Alternative Investment Market (AIM) before Christmas this year.
UK silicon wafer recycling firm Pure Wafer has announced plans to float on the Alternative Investment Market (AIM) before Christmas this year.
The company is aiming to raise £8 million from the listing to boost its production capacity and is expected to be valued at between £36 million and £39 million on AIM.
Set up in 2000, Pure Wafer is one of Europes leading silicon chip recycling companies. The Swansea-based firm recycles some 45,000 wafers each month, generating quarterly revenues of around £1.84 million.
The recycled wafers the company produces are generally used not to create new chips but for testing and aligning chip making equipment.
Semiconductor manufacturers utilise significant numbers of wafers for this task and they have been seeking to reduce costs by buying recycled, rather than brand new silicon wafers.
Given that new 300mm wafers cost around £129, and companies can go through hundreds of them during the testing process, the savings gained from using recycled wafers can be significant.
Pure Wafer has taken advantage of this new market, the company having grown by an average of eight per cent per month since the start of 2003.
The company is aiming to raise £8 million from the listing to boost its production capacity and is expected to be valued at between £36 million and £39 million on AIM.
Set up in 2000, Pure Wafer is one of Europes leading silicon chip recycling companies. The Swansea-based firm recycles some 45,000 wafers each month, generating quarterly revenues of around £1.84 million.
The recycled wafers the company produces are generally used not to create new chips but for testing and aligning chip making equipment.
Semiconductor manufacturers utilise significant numbers of wafers for this task and they have been seeking to reduce costs by buying recycled, rather than brand new silicon wafers.
Given that new 300mm wafers cost around £129, and companies can go through hundreds of them during the testing process, the savings gained from using recycled wafers can be significant.
Pure Wafer has taken advantage of this new market, the company having grown by an average of eight per cent per month since the start of 2003.
