Adisyn Ltd (ASX: AI1) has made a bold entry into the high-stakes world of semiconductor technology with the completion of its acquisition of 2D Generation (2DG). The deal positions Adisyn at the forefront of technological advancements that promise to address critical challenges in the semiconductor industry, particularly in AI and data centre applications.
A Game-Changing Acquisition
Announced on 4 November 2024, the binding agreement to acquire 2DG was designed to integrate 2DG’s patented semiconductor technology into Adisyn’s operations. This technology enables graphene coating at sub-300°C, a breakthrough that unlocks the potential for smaller, faster, and more energy-efficient chips. The acquisition’s completion on 9 January 2025 marks a significant milestone in Adisyn's strategic expansion.
Blake Burton, Adisyn’s Managing Director, hailed the acquisition as “transformational,” underscoring its potential to advance AI, data storage, and cybersecurity solutions. 2DG’s founder, Arye Kohavi, joins Adisyn’s board, adding entrepreneurial expertise to a team already laser-focused on commercialising disruptive technology.
The Technology at the Heart of the Deal
The linchpin of 2DG’s value is its Atomic Layer Deposition (ALD) technology, which has already demonstrated its ability to deposit graphene onto semiconductor interconnects. This capability addresses longstanding industry bottlenecks, including power consumption, heat generation, and scalability at the nanoscale. Graphene-coated interconnects could extend Moore’s Law, allowing for continued advancements in computing power.
To fast-track development, 2DG procured a next-generation ALD machine from Beneq, a leader in semiconductor manufacturing equipment. Expected to arrive in mid-2025, this machine will significantly enhance 2DG’s capabilities, enabling more uniform graphene deposition—a prerequisite for large-scale commercial adoption.
Paul Rich, 2DG’s Technology Lead, noted, “With this ALD, we’re set to advance our solutions to commercially viable products that the industry urgently needs. This machine is a key step in our roadmap for the next generation of chips”.
Enter Arye Kohavi: A Proven Innovator
Arye Kohavi
2DG’s founder and CEO, Arye Kohavi, is set to join Adisyn's board as a non-executive director, pending the completion of administrative formalities. Renowned for his success in leading Water-Gen to global acclaim, Kohavi brings with him a wealth of entrepreneurial expertise and industry recognition. His leadership is expected to play a pivotal role as Adisyn integrates 2DG’s cutting-edge technology.
Kohavi expressed his enthusiasm about the merger, stating:
“With the acquisition now complete, we can focus on delivering meaningful results for our shareholders. Our graphene-coated interconnect technology is poised to revolutionise semiconductor manufacturing and beyond.”
Strategic Partnerships and Industry Impacts
Adisyn and 2DG are leveraging partnerships with major industry players through the EU-funded ConnectingChips initiative. Collaborators include Nvidia, IMEC, and Applied Materials, positioning the combined entity to capitalise on AI’s insatiable demand for computing power.
In December 2024, 2DG secured the services of M&T Semiconductor, a highly regarded advisory firm led by former executives of Tower Semiconductor. M&T is tasked with driving commercialisation through licensing agreements or a potential buyout.
M&T’s Dr. Itzhak Edrei called 2DG’s graphene technology a breakthrough, stating, “This is not something the industry wants—it’s something the industry needs”.
The Road Ahead
Adisyn and 2DG have laid out an ambitious development timeline for 2025. Key milestones include the integration of new equipment, expanding collaborations, and refining the technology for commercial readiness. The ultimate goal is to secure licensing deals with semiconductor giants and generate meaningful revenue streams.
Blake Burton summed up the vision: “The integration of 2DG’s revolutionary technology positions us at the forefront of innovation in generative AI and semiconductor solutions. This acquisition is a major leap forward for our shareholders and the industry alike”.
The completion of this acquisition signals a new chapter for Adisyn. As the company transitions from an SME-focused IT services provider to a pioneer in semiconductor innovation, the stakes—and the rewards—could not be higher. If successful, Adisyn’s investment in 2DG may not just reshape its own future but also set new benchmarks for the entire semiconductor industry.
