aweXome Ray Raises 7.5 Billion Won to Accelerate EUV Pellicle Membrane Commercialization

aweXome Ray said on Aug. 11 it has secured 7.5 billion won in a Series B bridge financing round, with investors recognizing the technological and commercial potential of its carbon nanotube (CNT)-based extreme ultraviolet (EUV) pellicle membrane.
Strategic investors included S&S Investment, an affiliate of S&S Tech, a manufacturer of photomasks and EUV pellicles, as well as Wonik Investment Partners. Wonik Investment Partners and Hanwha Investment & Securities participated through a jointly managed fund. Other investors included Reinvestment, L&S Venture Capital, KNET Investment Partners, Union Investment Partners, and Ascendo Ventures.
The company said participation by pellicle manufacturers, semiconductor materials and equipment companies, and financial investors demonstrates industry recognition of both the technological competitiveness and commercialization potential of its CNT-based pellicle membrane. It added that the participation of a defense-focused fund jointly managed by Wonik Investment Partners and Hanwha Investment & Securities also highlights the potential application of its CNT fibers and membranes in aerospace and defense.
The proceeds will be used to stabilize production of EUV pellicle membranes, strengthen quality control systems and support customer supply programs. aweXome Ray has established a dedicated cleanroom production line for EUV pellicle membranes in Anyang, Gyeonggi Province, to produce qualification samples and support initial customer shipments. The company said customer evaluations are currently underway and expects initial commercial supply and revenue once qualification is completed.
aweXome Ray is developing CNT-based membranes for EUV pellicles used in advanced semiconductor lithography. Pellicles protect photomasks carrying semiconductor circuit patterns from contamination during the EUV exposure process, requiring both high EUV transmittance and exceptional heat resistance. The company said CNT materials, which are lightweight, thin and highly heat-resistant, are well suited for next-generation pellicles designed for high-power EUV exposure environments.
The company has also strengthened its pellicle business with additional industry expertise. Hong Sung-chul, a senior executive at S&S Investment, joined aweXome Ray's board as an outside director in March. A former Samsung Electronics engineer with experience in semiconductor photomask and pellicle development, Hong will support customer qualification and technical engagement.
In February, Lee Dong-wook, who previously led advanced materials commercialization at LG Chem and EcoPro BM, joined the company as Chief Product Officer (CPO). He oversees the pellicle business division and is responsible for converting research and development achievements into commercial products and customer supply.
aweXome Ray is also participating in a government-funded pellicle technology development project under South Korea's Deep Tech Challenge program administered by the Ministry of SMEs and Startups. The company is carrying out a 3.6 billion won research and development project and has been selected for the Korea Technology Finance Corporation (KIBO) Unicorn Bridge program, securing 600 million won in funding and eligibility for up to 20 billion won in technology guarantees. The company plans to combine private investment with government R&D support to advance its technology and accelerate commercialization.
The company is also stepping up preparations for an initial public offering (IPO). After signing an investment agreement with Jeju Special Self-Governing Province in March, it relocated its headquarters to the Jeju Science Park. Having been selected as one of the province's IPO support companies, aweXome Ray is preparing to appoint an IPO underwriter and undergo a preliminary technology assessment. The company aims to pursue a technology-track listing in 2028 while advancing customer qualification and initial product shipments.
Hong Sung-chul, senior executive at S&S Investment, said aweXome Ray possesses differentiated CNT-based EUV pellicle membrane technology and strong commercialization potential.
"With its production line now in place and customer qualification underway, the company has entered the commercialization stage. We will actively support the establishment of a stable supply chain and successful market entry," he said.
Chief Executive Officer Kim Se-hoon said the new production line and funding round represent an important milestone in transforming aweXome Ray from a research-focused company into an advanced materials supplier capable of serving customers.
"We will successfully complete customer qualification, accelerate commercialization of our CNT-based EUV pellicle membrane, and strengthen our competitiveness in the global semiconductor materials market," he said.



