Ceradyne Sells Assets, Inks Licensing Deal In Japan

Costa Mesa-based Ceradyne, which manufactures and develops ceramic products for the defense, energy, auto, and other industries, said Monday that one of its subsidiaries, SemEquip, has inked a technology and patent licensing deal. Ceradyne said SemEquip has license its cluster ion implant hardware to Nissin Ion Equipment Co. Ltd, based in Kyoto, Japan. Financial terms of the royalty and license agreement were not disclosed, however, Ceradyne said Nissin will also purchase certain assets and assume SemEquip obligations and facility leases, and hire "many" former SemEquip employees to continue development, manufacturing, and marketing of ion implant hardware for the semiconductor industry.