In a press release yesterday, the semiconductor company Impinj, Inc stated that it had secured the necessary 26.5 million dollar funding that it needed by contributions from new and existing investors.
Impinj, Inc is one of the leading manufacturers of high performance RFID products. The company expects to use the money to increase its research and product development in the semiconductor field.
As stated by Dr William Colleran, CEO and President of Impinj, Inc, "This new injection of capital allows Impinj to maintain our excellent progress delivering the semiconductor solutions that our customers in the explosive RFID and the nascent embedded nonvolatile markets are demanding. "We will continue to aggressively drive our product development and operations to maintain our leadership positions in those markets."
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