AOI raises $28 million in E round funding

April 9, 2007
APRIL 9, 2007 -- The company says it will use the new funds to further expand production capacity and product development.

APRIL 9, 2007 -- Applied Optoelectronics Inc. (search for AOI), manufacturer of laser diodes, photodetectors, and optical modules for fiber-optic communications systems, has raised $28 million in capital through private placement. AOI says it will use the new funds to further expand production capacity and product development.

The investment brings the total capital raised by AOI $68.9 million since its inception in early 1997.

AOI specializes in the manufacture of high-performance transmitter lasers, photodetectors, and subassemblies for fiber-optic networks, including cable television, wireless, telecommunications, data communications, and fiber-to-the-home (FTTH) applications. AOI says its core strength lies in its ability to combine design, wafer growth, processing, packaging, and module design to allow vertically integrated production of semiconductor components and modules.

"Finishing our E round reflects the confidence the investment community has in AOI and our desire to expand our presence in the fiber-optic market," notes Dr. Thompson Lin, founder, president, and chief executive officer of AOI. "As the telecommunications industry continues to grow, this investment will better position us to serve the needs of our customers and strengthen our market-leading position."


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