Semefab secures Regional Selective Assistance funding to increase efficiencies and pursue new technologies
Glenrothes-based Semefab is set to invest in new equipment it says will inject £1.25 million into the Scottish economy.
The semi-conductor manufacturer, which is at the forefront of the UK’s micro and nano technology network (MNT) is looking to increase efficiencies and pursue new technologies and says the move will, in turn, create three new full-time jobs in the area.
The firm, which exported 85% of its output to Europe, the USA and Far East in 2014/15, is being supported by a £220k Regional Selective Assistance grant from Scottish Enterprise and says the investment will help Semefab compete globally and attract new customers.
Semefab says it currently has no UK-based competition for its discrete and integrated circuit semiconductor devices and Micro Electro-Mechanical Systems (MEMS), which are sold into the medical, automotive, industrial and consumer markets worldwide.
It claims sensors for the ‘Internet of Things’ are key development areas for the future, particularly for the home, wearable devices, mobile phones and monitoring the environment, as well as ‘In the Home’ medical sensors for diagnostics and control of medication.
Alan James, joint managing director of Semefab Ltd, said: “We really appreciate this support from Scottish Enterprise. The investment is an important step in our drive to reduce lead times and fully utilise the capacity of our three wafer fabrication facilities here in Glenrothes.”
Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse said: “I am very pleased to welcome this investment into Semefab, meaning that they can export their innovative products around the world and provide a boost for Scotland’s economy. This is an excellent opportunity to demonstrate how our world class manufacturing and technology companies are leading the way in Scotland and around the globe.”
Adrian Gillespie, managing director of Growth Companies, Innovation and Infrastructure at Scottish Enterprise, said: “This is a superb example of a Scottish manufacturing company at the forefront of enabling technologies such as micro and nanotechnology. We are very pleased to be supporting Semefab enhance their competitiveness and add even greater value to Scotland’s economy.”