SYDNEY, AUSTRALIA: Global semiconductor developer BluGlass Limited (ASX: BLG) has reached an agreement to acquire its commercial contract manufacturing partner, GaNWorks Foundry Inc. for US$800,000. Under the agreement, BluGlass will acquire core gallium nitride (GaN) wafer processing equipment and processes from GaNWorks Foundry, completing vertical integration of its Silicon Valley laser fabrication facility (the Fab).…
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BluGlass to acquire US laser diode production facility for $2.5mn
SYDNEY, AUSTRALIA: Australian semiconductor developer BluGlass Limited (ASX: BLG) has reached agreement to acquire a commercial Silicon Valley laser diode production facility lease and manufacturing equipment (the Fab) for US$2.5 million. The acquisition will fast-track BluGlass’ growth strategy, significantly increasing its laser diode manufacturing capacity and bringing forward higher-value product development timelines. To fund the…