Engineered materials and
optoelectronic component maker II-VI Inc of Saxonburg, PA, USA has acquired
Kaiam Laser Ltd, a 6-inch wafer fabrication plant in Newton Aycliffe, UK, for
$80m in cash reserves. The acquisition is expected to be breakeven at the EBITDA
level within 12 months.
The
300,000ft2 facility
has a 100,000ft2 cleanroom
designed for high-volume manufacturing of compound semiconductor devices based
on gallium arsenide (GaAs), silicon carbide (SiC) and indium phosphide (InP)
materials.
“This facility hosts one of the best cleanrooms in the entire
compound semiconductor industry and augments our capabilities at a time when
industry capacity is rapidly becoming fully subscribed,” notes II-VI’s
president & CEO Dr Chuck Mattera. “Given the demand we anticipate, this
acquisition will allow us faster time to market than building a proprietary
green-field site,” he adds. “It adds to our in-house capacity for VCSELs
[vertical-cavity surface-emitting lasers], and is also as part of a broader
strategic move to provide a versatile 6” wafer fab for GaAs-, SiC- and
InP-based devices. This acquisition will significantly expand our capacity and
is expected to enable us over time to penetrate high-growth markets driven by,
for example, 3D sensing, 5G wireless, the electrification of the car, and
data-center communications,” he adds.
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