Source Photonics Raises USD 40M for Next-Generation Technologies

Source Photonics, a provider of optical transceivers, has announced it recently closed more than USD 40M in equity to support its growing data center and 5G business, and to enhance its existing low-cost as well as advanced solutions, the company said.

The new investment amidst the COVID-19 pandemic reflects the investors´ confidence in the company´s long-term vision and business strategy. The latest funding will be used to further expand the company´s 5G product line and upgrade its own laser chip production facilities while continuing to strengthen the research and development of its low-cost solutions and next-generation technologies.

While most businesses worldwide are put to halt during this time of pandemic, Source Photonics´ factory in Chengdu, China, has been operational since early February. The company´s proactive response to opening its production earlier than most companies in the region proved its commitment to supply chain continuity as its products are deemed essential to Internet and telecommunications systems. In addition, its factories in Jintan, Mainland China, and in Hsinchu, Taiwan, are also up and running.

Source Photonics is a provider of innovative and reliable optical communications technology that enables communications and connectivity in datacenters, metro, and access networks. For more information about Source Photonics, visit www.sourcephotonics.com.