High-tech glass specialist Corning Inc. (GLW) announced on Tuesday its equity investment in newly formed company Menlo Micro.
Corning teamed up with General Electric Co.’s (GE) GE Ventures, semiconductor manufacturer Microsemi Corp. (MSCC) and Palladian Capital Group to launch the platform, aimed at accelerating the next generation of electronic switching.
Solutions to Enable Next-Gen Micro-Switching
Irvine, Calif.-based Menlo Ventures is led by Chief Executive Officer Russ Garcia. Menlo Micro’s main focus will be the deployment of its unique micro-switch technology platform, which enables “unprecedented power handling and electrical performance.”
Corning says the digital micro-switch technology will open up a new realm of possibilities in a variety of applications including medical, military, mobile communications and consumer electronics. The Corning, N.Y.-based high-tech glass manufacturer will offer its precision wafers, panel, and through glass vias (TGVs) to enhance the small-form factor, high-frequency, higher-power operations and reliability of Menlo Micro’s digital micro-switch technology.
“We’ve been developing and delivering glass innovations aimed at the challenges presented by the semiconductor industry for years and have found that the electrical, mechanical and thermal properties of our glass solutions are enabling next-generation technologies,” said David Velasquez, business director of Corning Precision Glass Solutions. “We are excited about the combination of Menlo Micro’s expertise in MEMS [microelectromechanical systems]-based solutions and Corning’s ability to deliver highly scalable, small-form factor materials, which can enable this significant innovation for Menlo Micro’s customers in this fast growing industry.”
As a result of Corning’s investment, the glass specialist will hold a minority stake in Menlo and observer rights to Menlo Micro’s board of directors.
The investment follows a larger initiative by Corning to expand its glass offerings in a variety of markets, including clean auto, aerospace and defense, life sciences, communication and more. (See also: Corning’s Q3 Results Beat Estimates.)