Adisyn Ltd (ASX: AI1), a company at the cutting edge of graphene-enhanced semiconductor technology, has announced the completion of a heavily oversubscribed $10 million placement, issuing 105.26 million new shares at $0.095 each. The placement drew significant interest from domestic and international institutional investors, marking a vote of confidence in Adisyn’s potential to revolutionise semiconductor manufacturing.
Adisyn’s CEO, Blake Burton, highlighted the significance of the capital injection, stating, “The success of this placement and Kevin’s direct participation reinforces the confidence in AI1’s potential. These funds will enable us to continue developing our transformative graphene semiconductor technology and position the Company at the forefront of industry innovation.”
Adisyn’s wholly owned subsidiary, 2D Generation (2DG), has developed a low-temperature Atomic Layer Deposition (ALD) process to integrate graphene into semiconductor manufacturing. This breakthrough addresses a critical bottleneck in chip design: the limitations of traditional interconnect materials like copper. Graphene, with its superior electrical and thermal conductivity, promises to enhance chip performance, reduce energy consumption, and enable further miniaturisation—all crucial in the race for high-performance computing, AI, and 5G technologies.
In addition, Adisyn has recently procured an advanced ALD machine from Beneq, a global leader in ALD technology. The machine will be pivotal in scaling production of graphene-enhanced semiconductors, aligning with the company’s ambitious technological roadmap.
A major highlight of the announcement is the impending board appointment of Kevin Crofton, a heavyweight in the semiconductor industry. With over three decades of experience, Crofton has led companies like Lam Research and KLA Corporation, both titans in the sector. His tenure as CEO of Comet AG saw him deliver a 60% revenue boost and double EBITDA performance, feats that underpin his capability to guide Adisyn through its next phase of growth.
Crofton’s industry influence extends to shaping policy, having advised on the US CHIPS Act. Adisyn’s alignment with someone of Crofton’s calibre signals a strategic intent to strengthen its position within a highly competitive global market.
The placement’s proceeds will be allocated across five main areas:
Adisyn’s unique approach to graphene integration is protected by four key patent families, covering methods to produce graphene-coated surfaces and innovative uses for conductive barriers and capping layers. This intellectual property portfolio further positions the company as a leader in next-generation semiconductor materials.
The semiconductor industry is facing unprecedented demand for high-speed, energy-efficient chips, spurred by AI, 5G, and autonomous vehicles. Graphene, with its exceptional properties, is poised to play a transformative role in meeting these challenges. With $10 million in fresh capital, a powerful IP portfolio, and a leadership team strengthened by Kevin Crofton, Adisyn appears well-positioned to capture significant market share in this evolving landscape.
Investors will no doubt be watching closely as Adisyn continues to progress toward its goal of enabling the future of semiconductors. Shareholders will also be eagerly anticipating the allotment and trading of new shares, set to commence on 31 January 2025.
For now, Adisyn is making all the right moves to position itself as a leader in the graphene-enabled semiconductor space.