"The formation of Adamas Technologies follows our recently announced plans to increase our presence in the semiconductor sector," Adamas One CEO Jay Grdina said in a statement. "Lab-Grown Diamonds offer the repeatability, consistency, and reliability that both industry and technology applications demand at a cost that will support market acceptance," he added. Adamas One noted that its chief operating Gerald McGuire will lead the newly formed subsidiary. It added that McGuire has nearly 30 years of extensive experience in the semiconductor market bringing innovative ICs and analog circuits to market.