3M joins consortium to accelerate semiconductor technology in the US
3M (MMM) has joined the US-JOINT Consortium, a strategic partnership of 12 leading semiconductor suppliers focused on advancing semiconductor technology in the United States.
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Rhea-AI Summary
3M (MMM) has joined the US-JOINT Consortium, a strategic partnership of 12 leading semiconductor suppliers focused on advancing semiconductor technology in the United States. The consortium, founded in 2023 and led by Japan-based Resonac, aims to drive research and development in next-generation semiconductor advanced packaging and back-end processing technologies.
The partnership will be anchored by a new cutting-edge facility in Silicon Valley, expected to be unveiled later this year. 3M brings over 25 years of experience as a supplier of materials and processing aids for semiconductor polishing, advanced packaging, and chip transport applications, along with expertise across more than 50 technology platforms.
Positive
- Strategic entry into high-growth semiconductor technology consortium
- Access to new R&D facility in Silicon Valley
- Partnership with 12 leading semiconductor industry players
- Potential expansion of semiconductor business segment
Negative
- None.
Details
News Market Reaction – MMM
The recorded move for MMM in the trading session of this news was -1.42%.
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"As the demands of AI and other high performance computing technologies increase, suppliers must work together to provide comprehensive solutions to tough challenges on increasingly shorter timelines." said Steven Vander Louw, 3M's president of display and electronics product platforms. "The companies in the US-JOINT Consortium represent US and Japanese innovation leaders in a range of advanced packaging technologies. 3M is pleased to join the consortium in order to bring our decades of materials science expertise, across more than 50 technology platforms, to help address these challenges."
For more than 25 years, 3M has been a supplier of materials and processing aids for semiconductor polishing, advanced packaging, and chip transport applications. Teaming up with industry leaders continues to reinforce 3M's commitment to be an integrated total solutions provider for the semiconductor industry.
The consortium was founded in 2023 and led by
"We are delighted to welcome 3M to the US-JOINT Consortium," said Hidenori Abe, CTO for semiconductor materials, Resonac. "3M's expertise in materials science and commitment to innovation in advanced packaging device and process solutions will be an asset as we work together to solve difficult technical and integration challenges for customers onshore in
The new US-JOINT Consortium R&D facility is expected to be unveiled later this year in conjunction with a public launch event.
Learn more about semiconductor advanced packaging technologies on 3M.com.
About 3M
3M believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news.
About the Resonac Group:
The Resonac Group was established in January 2023 as a result of the integration of the Showa Denko Group and the Showa Denko Materials Group (former Hitachi Chemical Group). The Group's annual sales of semiconductor and electronic materials amount to approximately
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