Syntune acquires controlling stake in Svedice AB

17 APRIL 2008 -- Tunable laser developer Syntune AB of Sweden says it has taken a controlling equity position in Svedice, a European provider of customized InP semiconductor devices.

17 APRIL 2008 -- Tunable laser developer Syntune AB of Sweden (search for Syntune) says it has taken a controlling equity position in Svedice (search for Svedice), a European provider of customized InP semiconductor devices. Svedice, based in Järfalla, Sweden, provides foundry services, including III-V epitaxial growth, materials characterization, etching, metallization, and testing.

Syntune has partnered with Svedice to produce widely tunable products.

The tunable laser market has now passed the 100,000 per year mark and is expected to grow 25% to 30% per year through 2012. "With the tunable laser market continuing to expand, it became imperative that we needed to strengthen our relationship with our chip supplier," stated Syntune CEO, Patrik Evaldsson. "Syntune has a strong, guaranteed supply chain that is demanded by our expanding customer base, thanks to a controlling interest in Svedice and a cooperative agreement with CyOptics, our packaging partner."

Syntune is currently in full production of its S3500 C-Band tunable laser and its corresponding integrable tunable laser assembly (ITLA).

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