# Cerium Technology takes majority stake in IMT

Innovative Micro Technology (IMT) announced a majority equity financing led by Cerium Technology. Proceeds will increase R&D, upgrade equipment, and complete a new 8-inch wafer fabrication line.

- Type: Investment
- Announced: 2019-02-01
- Where: Santa Barbara, California, United States
- Status: announced
- Products: MEMS components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Innovative Micro Technology](https://endata.com/companies/37063.md)
- [Cerium Technology](https://endata.com/companies/35210.md) (investor)

## Sources

- [cerium-technology.com](https://www.cerium-technology.com/post/manage-your-blog-from-your-live-site), 2019-02-01: "In the past five years we have matured this business from a development services firm into a volume manufacturer of innovative MEMS components."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.