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Leading optical communications experts, Source Photonics, has closed a new funding worth more than $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 new investment amidst the COVID-19 pandemic reflects the investors’ confidence in the company’s long-term vision and business strategy. The 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’ integrated manufacturing approach is critical in managing the entire value chain from laser production through transceiver assembly. This gives the company a differentiated capability that allows flexibility during this time of COVID-19 pandemic. With the latest funding, Source Photonics is well-positioned to enhance speed to market, yield manufacturing innovations, and offer flexibility our customers need to address the increase in demand for more bandwidth.