Tuesday, April 14, 2020

Source Photonics Finds $40M Funding

West Hills-based optical transceiver developer Source Photonics announced late last night that it has raised $40M in a new equity funding round, to support its data center and 5G business. The company--whose components are used for optical networking--did not disclose the name of the investors in the new equity funding round. Source Photonics is led by CEO Weiming Li. The company said the new funds came from both new financial as well as strategic investors. The company said that its factory in Chengdu, China is again operational since early February, as are its factories in Jintan, Mainland China, and in Hsinchu, Taiwan. More information »

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