MRAM equipment maker Leuven Instruments raises $14 million

China-based semiconductor etching equipment maker Leuven Instruments raised $14 million in its series B financing round from several VCs. The funds will be used to increase the company's team and accelerate its R&D and market expansion.

Leuven Instruments LMEC-200 MRAM Etching System photo

For the MRAM industry, Leuven Instruments offers the LMEC-200 Magnetic-layer Etching Cluster system that integrates ICP etching, IBE etching, in-situ protection and more. In April 2020 the company closed its Series B funding round, raising $14.1 million from several investment firms.