Schmid Silicon

Assembly Line

Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion

๐Ÿ“… Date:

๐Ÿ”– Topics: Acquisition

๐Ÿข Organizations: Group14 Technologies, Schmid Silicon

Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, acquired Schmid Silicon Technology Holding GmbH (Schmid Silicon), the most technologically advanced silane producer in Europe, in a landmark move to strengthen the global battery supply chain and meet demand for silicon battery technology worldwide. As part of the acquisition, Group14 will bring online Schmid Siliconโ€™s state-of-the-art silane factory in Spreetal (Schwarze Pumpe), Germany, to support its expanding European operations. The milestone serves to insulate Group14โ€™s customers and partners from potential supply chain disruptions โ€“ particularly in the automotive industry โ€“ and sets up the company to localize integrated silicon battery technology manufacturing in Europe.

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