NexPlanar reports $10M investment

NexPlanar reports $10M investment

Hillsboro-based semiconductor company NexPlanar reported $10 million in new investment.

NexPlanar seeks to reduce defects during computer chip production by using pads to flatten silicon wafers and improve their quality. Formerly known as NeoPad, the company moved to Oregon from the Bay Area in 2008 and began production in Hillsboro late in 2010.

The company now has 50 employees in Hillsboro, up from 15 at the time of its last round in March 2011. Chief executive Jim LaCasse said NexPlanar will use the new funding to expand production in Oregon and establish operations in Asia.

"Our plan is to have manufacturing in both locations and keep (product) development here," LaCasse said.