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Article obtained from Photonics RSS Feed.
Photonics integration technology company DenseLight Semiconductors Technology Co. Ltd. has become an independent organization following its divestment by POET Technologies Inc. for a total consideration of $26 million.
This news comes three years after DenseLight’s acquisition by POET, during which DenseLight expanded its market presence in China and the U.S. The company recorded a year-on-year revenue growth of 29% in 2017 and 39% in 2018 and reported that it is on track to surpass that growth in 2019.
DenseLight Semiconductors’ headquarters in Singapore. Courtesy of DenseLight.
Commenting on the transaction, DenseLight’s president and CEO, Rajan Rajgopal, said his company has been working hard over the…