Hillsboro company sells for $142M

NexPlanar, which has ties to Intel and Samsung, sold to Illinois company.

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NexPlanar, which has ties to Intel and Samsung, sold to an Illinois company for $142 million.

The Hillsboro company employs about 100 and reported $22 million in revenue over the last year.

NexPlanar developed pads used to flatten silicon wafers and improve their quality, reducing defects in an industry where even microscopic abnormalities can wreck a product. The company has about 100 employees but had kept a low profile over the past two years. Once called NeoPad, it moved to Oregon in 2008.

On Monday, though, buyer Cabot Microelectronics Corp. said NexPlanar’s technology had quietly won customers among the major industry players developing smaller chip circuitry. Cabot said it has a similar product line and expects NexPlanar’s technology will enable it to strengthen its market position.

The companies did not say what will happen to NexPlanar’s Hillsboro office and its employees and NexPlanar did not immediately respond to an inquiry seeking details.

(SOURCE: OregonLive.com)

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