Best Semiconductors Companies in Minnesota, United States
The 100 best Semiconductors companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: SkyWater.
Our analysis of 69 Semiconductors companies
$22.3b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Semiconductors companies in Minnesota
| # | Company | Last round | Disclosed funding | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Advantek Manufacturer of mobile phones, LED lighting, medical components, smart appliances, automobiles and other… | — | — | 266 | 1978 | Wim Goossens President & CEO | WordPressMySQLPHP+21 | 17 patents Carbon‑nanotube‑enhanced carrier/cover tapes for high‑density, ESD‑protected component packaging | — |
| 2 | aero-space fasteners and electronics Aero-Space Fasteners and Electronics offers engineered fasteners, mechanical hardware, circuit boards, and… | — | — | 29 | 1996 | — | WordPressMySQLPHP+19 | — | — |
| 3 | AgriChem Moisture control solutions for agriculture and granular materials processing | — | — | — | 1985 | — | — | 3 patents Capacitive sensors for blending homogeneity and fluid level detection in agro‑chemical processing | — |
| 4 | Altron Offers custom electronic manufacturing services | — | — | 24 | 1974 | — | — | — | — |
| 5 | Analog Technologies Provider of PCB packing, assembling, testing, and other services | — | — | 92 | 1997 | — | — | 46 patents Patents concentrated in electrical & electronics | — |
| 6 | August Technology Limited information available | — | — | 254 | 1993 | — | — | 25 patents Automated semiconductor wafer handling and defect inspection systems | — |
| 7 | Auto Assembly It provides electronics contract manufacturing and flexible circuit assembly | — | — | — | 1991 | — | WordPressMySQLPHP+24 | — | — |
| 8 | aveka AVEKA is a chemicals company offering drying, milling, and blending solutions. | — | — | 102 | 1995 | — | WordPressMySQLMariaDB+28 | 8 patents Metal powder processing: binders/lubricants, particle sizing, and encapsulation of unstable compounds. | 1 job opening · 1 internship |
Top 12 Semiconductors companies in Minnesota
#1
Series A · Saint Paul, Minnesota · founded 2020$9.3Mraised▾
Developer of laser-based chip cooling technology. This technology addresses heat management challenges in high-performance computing by transforming heat into light. The system offers improved cooling efficiency, enabling higher chip operating speeds and increased power without thermal throttling. It eliminates the need for traditional cooling fluids, enhancing reliability and simplifying maintenance. The technology is designed for scalability, adapting to future chip designs and power demands.
- Feb 2026Series A$7.9M
- Dec 2023Seed$67K
- May 2023Seed$250K
- Apr 2022Seed$1.1M
#2
Funding Raised · Minneapolis, Minnesota · founded 2010$33Mraised▾
Designs and manufacture electronic sensors
- Aug 2025Grant (prize money)$1.6M
- Feb 2025Grant (prize money)$262.8K
- 2024Grant (prize money)$302.4K
- 2022Grant (prize money)$2M
#3
Acquired · Bloomington, Minnesota · founded 1980 · 706 employees$212Mraised▾
Manufacturer of volume foundry services
- Sep 2022Grant (prize money)—
- Jul 2022Grant (prize money)$15M
- Jul 2022Grant (prize money)$27M
- Oct 2019Grant (prize money)$170M
#4
Series B · Minneapolis, Minnesota · founded 2015 · 17 employees$9.2Mraised▾
Provider of wearable devices to detect concussion-causing impacts in sports. It offers a connected mouthguard that monitors data related to the direction, force, and location of the impact. The data is analyzed in real-time to detect if the impact is dangerous and an alert message is sent to the coach using a mobile app to the coach. It caters to multiple sports like football and rugby.
- Feb 2022Series B$5M
- Apr 2017Series A$3.8M
- Jan 2017Grant (prize money)$2.9M
- Jan 2016Seed$300K
#5
Deadpooled · Minneapolis, Minnesota · founded 2011$28.4Mraised▾
Manufacturer of high-performance carbon products from renewable resources. The company's low cost, high-performance carbon products from renewable resources are alternatives to traditional coal-based carbon products and are used for mercury and emissions control, for iron and metals production and for energy generation.
- Jan 2015Series B$3.5M
- Jul 2013Series B$9.5M
- Apr 2013Series B$2M
- Nov 2012Series A$6.9M
#6
Series C · Hutchinson, Minnesota · founded 1965 · 495 employees$40Mraised▾
Manufacturer of electromechanical components and assemblies
- Apr 2012Series C$40M
#7
Series C · Minneapolis, Minnesota · founded 2004 · 8 employees$13.9Mraised▾
Provider of hot laminated electronic display components for mass consumer and industrial applications. The company offers numeric displays, card-based solutions, custom displays and development tools. It serves credit cards, product packaging, home health diagnostics and apparel applications.
#8
Acqui-Hired · Saint Paul, Minnesota · founded 1985 · 25000 employees$8.7Mraised▾
Precision instruments and solutions for pharmaceutical, semiconductor, and aerosol research. The company delivers advanced tools and systems for pharmaceutical inhaler testing, ensuring drug delivery effectiveness and consistency. They provide solutions for aerodynamic particle size distribution, delivered dose uniformity, and in vitro-in vivo correlation. For the semiconductor industry, they offer innovative solutions for vapor delivery, surface defect inspection, and metrology, enhancing wafer yields and production efficiency. Their offerings include vaporizers, filters, liquid flow controllers, particle deposition systems, and contamination standards. They are known for expertise in developing unique equipment for aerosol research and contamination control applications, supporting industries with high-performance tools that improve processes, product quality, and efficiency.
- Feb 2012Grant (prize money)$1.1M
- Jan 2008Series A$6M
- Nov 1899Conventional Debt$2.7M
#9
Acquired · Saint Paul, Minnesota · founded 2012 · 35 employees$5.7Mraised▾
Vios Medical develops remote patient monitoring solutions for healthcare providers that result in better patient outcomes. Its solution, The Vios Monitoring System connects patient-worn sensors, including a chest sensor and pulse oximeter, with a bedside and central station monitor to analyze, display and centralize patient data in near real-time. The first generation of the Vios Monitoring System has received Food and Drug Administration (FDA) 510(k) clearance. The device is not currently available in the United States.
- Mar 2015Series A$4M
- Jun 2013Seed$1.7M
#10
Acquired · Plymouth, Minnesota · founded 2012 · 14 employees$2.5Mraised▾
Vixar offers short wavelength VCSEL based optical components and subassemblies for sensors. Their components are sold to OEMs. The main industries where such components are used are the biomedical, industrial, office product, automotive and consumer industries. The VCSEL technology enables the sensors to be highly efficient, faster cycle times, more manufacturing flexibility and narrow spectral width.
- Apr 2012Series B$2.5M
- Series A—
#11
Funding Raised · Minneapolis, Minnesota · founded 1991 · 14 employees$603.9Kraised▾
TLC Precision Wafer Technology was spun-off from Honeywell and has technology transfer from both Honeywell and Lockheed Martin related to the MBE epi wafers. The company develops III-V materials and Millimeter-Wave Monolithic Integrated Circuits (MMICs 9 GHz to 100 GHz) products for both commercial and government applications. It participates in various US government projects from SBIR and SBTR programs. It has patented a series of innovative epi-wafers, a family of millimeter MMIC chips, modules and special radar transceiver products and processes. It provides advanced semiconductor wafers, MMIC chips and related modules.
- Sep 2021Grant (prize money)$256K
- Oct 2007Grant (prize money)$174K
- Nov 2003Grant (prize money)$174K
#12
Deadpooled · Owatonna, Minnesota · founded 2003$1.1Mraised▾
Manufacturer of nutraceuticals and functional food ingredients. The company operates as a contract manufacturer and offers fluid bed processing, spray drying, prilling and coating services.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Semiconductors coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Semiconductors in Minnesota is moving
A read on the academic research around Semiconductors in Minnesota — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 69 papers.
University of Minnesota leads Minnesota's semiconductor research—spanning device design, materials, and 3D IC technologies—with a cautiously optimistic tone (mean stance 0.42) skewing toward advancement.
- University of Minnesota51
- University of Minnesota System11
- University of St. Thomas - Minnesota3
- University of Minnesota Rochester2
- Minnesota Project1
- CMOS1→3
- Integrated circuit1→3
- Reliability (semiconductor)4
- Power (physics)4
- Electronic circuit3
- Three-dimensional integrated circuit3
- Integrated circuit3
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.