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Tokyo Electron’s U.S. investment arm, TEL Venture Capital, has invested an undisclosed sum in Unidym, the carbon nanotubes (CNTs) manufacturer.

Accompanying this news was the announcement that Tokyo Electron and Unidym intend to enter into a program for the development of equipment used in the manufacture of Unidym’s carbon nanotube-based transparent, conductive films (TCFs), which are used in thin-film solar cells, as well as in other applications.

The companies will also enter into an information-sharing agreement that will see them collaborate on Unidym’s printed electronics technology development and work together to modify TEL's existing equipment to support Unidym's inks.

"Tokyo Electron's follow-on investment validates our product offering in the display industry," said Art Swift, President and CEO of Unidym. "TEL is one of the world's leading suppliers of LCD manufacturing equipment and an ideal partner to provide complete equipment solutions to our LCD display customers."