- Global technology player Revasum (RVS) joins the PowerAmerica Institute
- RVS designs and makes equipment used in the semiconductor industry and has a portfolio of products used to make devices for the automotive, 5G and other markets
- The collaboration is slated to bring Revasum's products to market faster and reduce costs and risks associated with new generation technologies
- RVS shares have closed down 2.50 per cent at 38.5 cents on August 3
Global technology player and ASX-lister Revasum (RVS) has joined the PowerAmerica Institute.
Headquartered in California, RVS specialises in the design and manufacturing of equipment used in the international semiconductor industry.
Accordingly, the company's portfolio boasts state-of-the-art products used in grinding, polishing and planarisation processes to make devices for the automotive, 5G and other key markets.
PowerAmerica embodies a public-private research initiative that brings semiconductor manufacturers together with the companies that use semiconductor power electronics in their products.
RVS said the collaboration was poised to bring the company's electronics to markets faster and reduce the costs and risks associated with new generation tech.
Revasum Chief Financial and Operating Officer Rebecca Shooter-Dodd said RVS was proud to join PowerAmerica alongside major players in the fast-growing semiconductor sector.
"We are a global leader in silicon carbide (SiC) single-wafer processing equipment design and are excited to join a group whose efforts are critical to building the US semiconductor supply chain," Ms Shooter-Dodd said.
"As the global semiconductor shortage continues to impact supply chains, accelerating the development of domestic capabilities in research, innovation and advanced manufacturing is key."
PowerAmerica's executive director Victor Veliadis said Revasum's grinding and polishing tools were an essential link in the supply chain of SiC semiconductors and applications that used the technology.
"Effective grinding and polishing increases overall wafer production yield and ultimately lowers the cost of SiC semiconductors devices and systems," he said.
RVS shares closed down 2.50 per cent at 38.5 cents on August 3.