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Industry giants fight over photonics start-up

17 Jun 2002

US-based Gemfire has raised more than USD 63 million from industry leaders.

Gemfire's latest investors are US companies Cisco Systems, Corning, Finisar, Intel Capital and TriQuint Semiconductor. A string of venture capitalists have also contributed.

"We focus on component-level issues and are pleased that investors recognize that this is key to implementing new optical-networking technologies," said Gemfire's president and chief executive, Richard Tompane.

With investments now totalling USD 85 million, Gemfire plans to manufacture integrated array-based components for fiber-optic applications that remove barriers to optical-network expansion.

"What impresses us about Gemfire is its ability to match materials, such as lithium niobate and optical polymers, to maximize product functionality at a reasonable cost," said Rob Hannemann of Corning. "Such innovation at the component level will allow system developers to create more effective network architectures."

RELATED LINKS
CHROMA TECHNOLOGY CORP.HÜBNER PhotonicsABTechAlluxaECOPTIKBerkeley Nucleonics CorporationSPECTROGON AB
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