Nearfield Instruments, a Dutch metrology company specializing in advanced chip measurement tools, is targeting an initial public offering (IPO) within the next three years. CEO Hamed Sadeghian confirmed the plan in a recent interview, indicating a potential listing by 2027 or 2028, contingent on favorable market conditions. This move could further solidify the Netherlands’ position as a key player in the global semiconductor equipment market.
Nearfield’s IPO aspirations come amidst a surge in demand for its atomic force microscopy-based measurement technology. This technology enables precise measurements at dimensions smaller than most wavelengths of light, crucial for the development of increasingly complex chip designs. While primarily used for advanced logic chips, Nearfield is witnessing growing interest from memory chip manufacturers and producers of older-generation chips utilized in automotive and power grid applications.
The Rotterdam-based company recently announced securing “multiple orders” from a major U.S. customer and plans to establish offices in the United States. Sadeghian declined to disclose the customer’s identity. This expansion follows a successful $148 million funding round in July 2024, backed by prominent investors like Walden Catalyst and Singapore’s Temasek. The investment is earmarked for scaling Nearfield’s operations and meeting the escalating demand for its metrology solutions.
The semiconductor industry, known for its cyclical nature, is currently experiencing a significant upswing driven by advancements in artificial intelligence. This boom creates a favorable environment for Nearfield’s IPO pursuit. The Netherlands already boasts a strong presence in the semiconductor equipment sector, with industry giants like ASML, Besi, and ASM International. Nearfield’s potential listing would add another prominent player to this ecosystem.
Increasing complexity in chip design, particularly the trend of 3D chip stacking, underscores the critical role of metrology tools. Precise alignment is paramount in these advanced architectures, making Nearfield’s technology increasingly vital for semiconductor manufacturers. This industry trend further strengthens Nearfield’s position and its prospects for a successful IPO. The company’s innovative measurement solutions are poised to capitalize on the continued evolution of semiconductor technology.
