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Business News
What the Fiscal Responsibility Act Portends for Photonics Research
Jul 13, 2023 — Though the so-called debt limit deal that President Biden and House Speaker Kevin McCarthy struck this spring spared the U.S. from a default on its national debt, the subsequent Fiscal Responsibility Act (FRA) injected substantial uncertainty into the prospect of expanded U.S. government funding of scientific research. The FRA effectively halted Congressional funding for nondefense discretionary programs for fiscal year 2024 (FY2024) and restricted funding to a 1% increase for FY2025. Such...
Dutch Foundry SMART Photonics Secures $111M in Financing
EINDHOVEN, Netherlands, July 13, 2023 — SMART Photonics, a foundry for photonic integrated circuits (PIC), has secured an additional round of funding of €100 million ($111 million) from a group of Dutch industry and finance investors. The scale-up company, which started as a spinoff...
Coherent Names Deputy CTO, Appoints VP: People in the News: 07/12/23
PITTSBURGH, July 12, 2023 — Coherent Corp. named Young-Kai Chen deputy chief technology officer, and appointed Paul Silverstein vice president for investor relations and corporate communications. Chen previously served as chief scientist in Coherent’s New Ventures and...
European Project Takes Aim at Deep Body Imaging
MILAN, July 10, 2023 — The fastMOT project, which seeks to develop a fast-gated, ultrahigh quantum efficiency single-photon sensor, will receive €3 million ($3.29 million) in funding. The resulting sensor will enable deep body imaging with diffuse optics. Implemented...
Resolve Optics Opens Test Center: Week in Review: 07/07/23
CHESHAM, England, July 7, 2023 — Resolve Optics installed and commissioned a new vibration test center adding to the suite of in-house lens-testing equipment the company is able to offer. Lenses used in harsh industrial inspection and military and space applications are often...
CEA-Leti and Intel Report on Hybrid Direct-Bonding Self-Assembly Process
SAN DIEGO, July 6, 2023 — CEA-Leti and Intel have optimized a hybrid direct-bonding, self-assembly process that increases alignment accuracy as well as fabrication throughput by several thousand dies per hour. The approach uses capillary forces of a water droplet to align...
Jane Rigby Named Webb Telescope Senior Scientist: People in the News: 07/05/23
WASHINGTON, D.C., July 5, 2023 — NASA named Jane Rigby as the new senior project scientist for the James Webb Space Telescope mission. Rigby is an astrophysicist at NASA’s Goddard Space Flight Center. Rigby was one of the three commissioning scientists for Webb. She also led...
IonQ and QuantumBasel Partner on Quantum Data Center
COLLEGE PARK, Md., July 4, 2023 — Quantum computing developer IonQ has partnered with QuantumBasel to jointly establish a European quantum data center. Two generations of quantum computers will be installed on site. The first quantum computer, with 35 algorithmic qubits (#AQ 35), is...
Celestial AI Raises $100M in Series B
SANTA CLARA, Calif., July 3, 2023 — Celestial AI has raised $100 million in series B funding led by IAG Capital Partners, Koch Disruptive Technologies, and Temasek’s Xora Innovation fund. Celestial AI is a developer of optical interconnect technologies. The company’s...
Jenoptik Adds to Berlin Sites: Week in Brief: 06/30/23
JENA, Germany, June 30, 2023 — Jenoptik has completed its new site on Gross-Berliner Damm in Berlin. In the new production facilities and state-of-the-art environment, more than 100 employees will develop and manufacture optical components and systems especially for dentistry...
Q.ANT and IMS CHIPS Collaborate on Quantum Chips
STUTTGART, Germany, June 29, 2023 — Quantum technology startup Q.ANT and the Institute for Microelectronics Stuttgart (IMS CHIPS) signed an agreement to jointly manufacture quantum photonic chips. Chips for quantum processors are expected to be produced in small batches within two...
Optica MRS, SPIE Name 2023-24 Congressional Fellows: People in the News: 06/28/23
WASHINGTON, D.C., June 28, 2023 — Optica, the Materials Research Society (MRS), and SPIE have named the 2023-2024 Congressional Science and Engineering Fellows. Claire Cody will serve as the Arthur H. Guenther Congressional Fellow, co-sponsored by Optica and SPIE, and Marie Fiori...
Autonomous Inspection Firm Percepto Raises $67M in Series C
AUSTIN, Texas, June 27, 2023 — Autonomous inspection and monitoring solution provider Percepto has raised a combined $67 million in series C financing to bring its total amount raised to over $120 million. Percepto Autonomous Inspection & Monitoring (AIM), the company’s...
Metalenz, UMC Team for Metasurface Optics Market Launch
BOSTON, June 26, 2023 — Metalenz has partnered with semiconductor foundry United Microelectronics Corp. (UMC) to begin mass production of its metasurface optics using semiconductor manufacturing processes. With this partnership, Metalenz said, metasurface optics will be...
ADVA Rebrands as Adtran Networks SE; Swave Photonics Adds Investment Capital: Week in Brief: 06/23/23
MUNICH, June 23, 2023 — ADVA Optical Networking SE’s proposed name change to Adtran Networks SE was approved by the 2023 Annual General Meeting of ADVA Optical Networking SE on May 24. The change was registered in the commercial register of the local court of Jena,...
Intel Sells Minority Stake in IMS Nanofabrication
SANTA CLARA, Calif., June 22, 2023 — Intel will divest an approximately 20% stake in its IMS Nanofabrication GmbH business to Bain Capital in a transaction that values IMS at approximately $4.3 billion. The transaction is expected to close in the third quarter of 2023. IMS will operate...
Thermo Fisher Acquires Raman Specialists MarqMetrix
WALTHAM, Mass., June 22, 2023 — Thermo Fisher Scientific has acquired MarqMetrix, a privately held developer of Raman-based spectroscopy solutions for in-line measurement. Based in Seattle, MarqMetrix provides in-line process analytical technology (PAT) for precise measurements...
G&H Acquires GS Optics
ILMINSTER, England, June 21, 2023 — Precision optics and photonics technology company G&H (Gooch & Housego) has acquired GS Optics, a designer and manufacturer of polymer optics. The $15.7 million acquisition, G&H said, is a step toward its creation of a North American...
DERMALOG Acquires JENETRIC’s Contactless Scan Technology
HAMBURG, Germany, June 21, 2023 — DERMALOG Identification Systems GmbH, a manufacturer of fingerprint, face, and iris identification technology, has agreed to acquire biometric identification technology company JENETRIC GmbH. JENETRIC’s optical thin-film transistor (TFT)...
TRUMPF Photonic Components Names Managing Director: People in the News: 06/21/23
DITZINGEN, Germany, June 21, 2023 — TRUMPF subsidiary TRUMPF Photonic Components named Thomas Dobbertin managing director. He succeeds Berthold Schmidt, who now serves as CTO and a member of the board for parent company TRUMPF SE + Co. KG. Dobbertin previously served as general...
European Commission Approves $8.7B to Boost Microelectronics
BRUSSELS, June 20, 2023 — Leaders from across Europe’s photonics industry will join an Important Project of Common European Interest (IPCEI) focused on the development of microelectronics and communications technologies (ME/CT). The European Commission (EC) approved...
Laser Measurement Adds Precision to Engine Core Technologies
PARIS, June 20, 2023 — Partners from aerospace manufacturer Pratt & Whitney and Virginia Tech have developed an optical technology to calculate engine thrust to allow high-fidelity measurements of gas turbine engine parameters including velocity, temperature, and...
In-Ear Wearable Measures Blood Flow to the Head Prior to Fainting
BOSTON, June 19, 2023 — Digital health company STAT Health has unveiled a 24/7 in-ear wearable that uses optical sensors to measure blood flow to the head to better understand symptoms such as dizziness, brain fog, headache, fainting, and fatigue that occur upon standing....
Altechna Invests in Equipment and Facilities: Week in Brief: 06/16/23
CENTENNIAL, Colo., June 16, 2023 — Laser technology company NUBURU entered into definitive agreements, primarily with existing investors, to receive a cash infusion of $7.9 million prior to deducting transaction and issuance costs through an offering of convertible promissory notes...
Consortium Aims to Bolster Europe's Silicon Photonics Value Chain
TESSENDERLO, Belgium, June 14, 2023 — German-based silicon chips foundry X-FAB is leading the European Union-funded consortium photonixFAB to boost innovation within the European silicon photonics industry, and to increase sovereignty in the semiconductor and photonics industries in...
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November 2024
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