Nanosys and Samsung have formed a strategic alliance and licensing arrangement to accelerate the development of commercial applications of nano-architected materials for the electronics and thin-film solar markets.
Under the terms of the deal, Samsung Electronics will contribute funding and resources to codevelop products using Nanosys technologies. Samsung Venture Investment Corp. will make a $15 million equity investment in the nanotechnology company, along with an additional $10 million to be contributed by venture firms including Arch Venture, Polaris, Venrock, and El Dorado.
“We believe that working closely with Nanosys will help us to develop exciting new products for our customers that will address needs in the world’s largest markets across a number of technologies,” said Seungho Ahn, senior VP of Samsung Electronics’ Intellectual Property Center.
Samsung has said it plans to invest at least $6 billion in solar PV manufacturing-related capital expenditures over the next decade. Although the company’s initial PV activities are based around crystalline-silicon production, officials have said it would be exploring business opportunities in the thin-film sector, so the Nanosys deal comes as no surprise.