Intrinsic Investments is pleased to announce the sale of portfolio company Axus Technology to ASM International.

Axus provides differentiated Chemical Mechanical Polishing (CMP) equipment for compound semiconductors and More-than-Moore applications. CMP is a key technology that complements ASM’s strengths in interface engineering and chemistry and is expected to play an increasingly critical role in enabling advanced device architectures, including 3D integration.

This transaction represents a strong strategic outcome and reflects Axus’s differentiated position in a critical and growing segment of semiconductor manufacturing. Intrinsic is proud to have supported the company through its evolution and value creation.