Forge Nano has secured an additional $23 million in private investment in public equity (PIPE) financing, bringing total PIPE commitments to $123 million as the U.S.-based semiconductor equipment and advanced materials company moves toward its planned NASDAQ debut through a merger with Archimedes Tech SPAC Partners II Co. The latest funding round, which includes a strategic investment from Samsung SDI, strengthens Forge Nano’s financial position as it expands manufacturing capacity for atomic layer deposition (ALD) equipment and advanced lithium-ion battery materials supporting artificial intelligence infrastructure and defense applications.

Forge Nano is reinforcing investor confidence ahead of its anticipated public market debut by increasing its PIPE financing commitments to $123 million, adding fresh capital to support commercialization of semiconductor manufacturing technologies and next-generation battery materials.

The Colorado-based company, known for developing Atomic Layer Deposition (ALD) technology, announced that it has secured an additional $23 million in financing at $10 per share before completing its planned business combination with Archimedes Tech SPAC Partners II Co. (NASDAQ: ATII). The transaction remains subject to shareholder approval and customary closing conditions, with completion expected during the second half of 2026.

The new financing package includes a $20 million strategic commitment from Samsung SDI, split evenly between Forge Nano’s PIPE financing and its recently completed $97 million Series D funding round. Investment firm Horizons Ventures also participated in the PIPE raise, adding institutional backing to the company’s growth strategy.

If the SPAC transaction closes without significant shareholder redemptions, Forge Nano expects to enter public markets with approximately $367 million in available capital, combining the PIPE proceeds with cash held in Archimedes II’s trust account. The funding is expected to accelerate commercialization of Forge Nano’s semiconductor equipment platform while supporting domestic production of advanced lithium-ion battery materials.

ALD Technology Targets AI Infrastructure Growth

Atomic Layer Deposition is a precision thin-film manufacturing process widely used in semiconductor fabrication, enabling chipmakers to deposit ultra-thin material layers measured at the atomic scale. As AI processors become increasingly complex, advanced manufacturing techniques such as ALD are becoming critical for improving transistor performance, energy efficiency, and manufacturing yields.

Demand for semiconductor fabrication equipment has accelerated alongside investments in AI infrastructure by companies including NVIDIA, Microsoft, Amazon, and Google, all of which continue expanding hyperscale data center capacity to support generative AI workloads. Equipment suppliers capable of enabling next-generation chip production are becoming increasingly important across the semiconductor ecosystem.

Forge Nano’s platform also extends beyond semiconductors into advanced battery manufacturing, where ALD coatings improve battery durability, safety, charging performance, and lifecycle—attributes that are particularly relevant for defense systems, electric vehicles, and industrial energy storage.

Strategic Investment Reflects Battery Industry Priorities

Samsung SDI’s participation signals growing industry interest in advanced manufacturing technologies supporting battery supply chains.

Battery manufacturers globally are seeking new production methods that improve material performance while reducing manufacturing costs. As governments in the United States and Europe continue investing in domestic battery production, suppliers of enabling technologies are attracting increased strategic investment.

Rather than simply providing financial backing, Samsung SDI’s investment suggests broader industry recognition that manufacturing innovation will remain essential as battery demand expands across electric mobility, grid storage, and defense applications.

Forge Nano has increasingly positioned itself at the intersection of two rapidly growing industries: semiconductor manufacturing equipment and advanced battery materials. That diversification could reduce reliance on a single market while expanding commercial opportunities.

Capital Supports Commercial Scale-Up

According to the company, proceeds from the financing will primarily support manufacturing expansion, commercialization efforts, and execution of its customer pipeline.

Scaling semiconductor equipment businesses typically requires substantial upfront capital because manufacturing systems involve long development cycles, customer qualification processes, and high production costs. Access to public market capital could therefore provide Forge Nano with greater flexibility as customers increase investments in AI infrastructure.

The transaction also reflects continued activity within the SPAC market for companies operating in strategically important technology sectors, even as the broader market has become more selective compared with the surge seen in 2020 and 2021.

Market Landscape

Investment in semiconductor manufacturing continues to accelerate as governments and enterprises seek greater supply chain resilience.

According to McKinsey & Company, global semiconductor demand could approach $1 trillion annually by 2030, driven largely by artificial intelligence, automotive electronics, cloud computing, and industrial automation. Meanwhile, IDC projects continued double-digit growth in AI infrastructure spending over the next several years as enterprises expand generative AI deployments.

Within that environment, enabling technologies—including semiconductor manufacturing equipment, advanced materials, precision deposition systems, and battery production platforms—are becoming increasingly strategic assets for both commercial and national security priorities.

Forge Nano’s planned public listing reflects broader investor interest in companies supplying foundational infrastructure rather than consumer-facing AI applications. As AI workloads continue expanding, suppliers supporting chip fabrication and energy storage are expected to remain central to the industry’s long-term growth.

Top Insights

• Forge Nano increased total PIPE financing to $123 million, strengthening its balance sheet ahead of a planned NASDAQ listing through its merger with Archimedes Tech SPAC Partners II.
• Samsung SDI’s strategic investment highlights growing industry demand for advanced battery manufacturing technologies supporting domestic supply chains and next-generation energy storage.
• The company’s Atomic Layer Deposition platform addresses growing semiconductor manufacturing requirements driven by AI infrastructure, advanced chip production, and defense applications.
• If the transaction closes as planned, Forge Nano expects approximately $367 million in available capital to accelerate commercialization and manufacturing expansion.
• The announcement underscores increasing investor focus on semiconductor equipment and advanced materials companies supporting AI infrastructure rather than only AI software providers.

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