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A jug of Inpria's inorganic photoresist material.

OSU startup Inpria nets $514M acquisition for trailblazing chemical manufacturing

By Molly Rosbach

Inpria is the first company in the world to use an inorganic material in the production of semiconductor microchips through a process called photolithography.

Inpria Corporation, which got its start at Oregon State and which has attracted investors such as Intel and Samsung with its revolutionary material used in microchips, has agreed to be acquired by Japanese firm JSR for $514 million. The specialty chemical materials manufacturing company was started in 2007 to advance work that began in the lab of Distinguished Professor of Chemistry Doug Keszler.

“We wouldn’t be here without OSU; that’s abundantly clear,” said Inpria founder and CEO Andrew Grenville.

Inpria’s first-of-its-kind inorganic photoreactive liquid improves the production of more powerful, cost-effective and energy-efficient microchips used in electronics such as cell phones and computers.

Inpria’s management says the infrastructure and support from OSU’s Research Office as well as the pool of qualified graduates coming out of the university have been crucial to its success. Currently, about half of the company’s 50 employees are either Oregon State graduates or share ties to the university and Corvallis, said Ann Carney Nelson, the company’s chief operating officer.

“Our mission is to maximize OSU’s innovation, economic and societal impact,” she said. “We do that by being a leading driver and resource, and we do consider ourselves to be a steward for the innovation economy in Oregon and beyond.”

Read the full story here.