HSG Laser Launches New Facility in China: Weekly Update for January 3, 2025

In recent business developments, several companies have announced significant advancements and collaborations. Opticore, a photonic computing firm, secured $5 million in seed funding to further develop its optical processing units, promising energy-efficient alternatives to traditional GPUs. Aeva has expanded its partnership with Torc to enhance safety architectures for autonomous trucks, aiming for commercialization by 2027. HSG Laser inaugurated a $68.3 million manufacturing facility in Jinan, China, set to boost its production capacity. POET Technologies has engaged in production agreements in Malaysia and reported a successful $25 million funding round. Meanwhile, 3M entered a licensing agreement with US Conec to commercialize its Expanded Beam Optical Interconnect technology. Additionally, Samsung Electronics secured up to $4.7 billion from the U.S. Department of Commerce to bolster its semiconductor manufacturing presence, while Toyoda Gosei invested in LED developer Pi Photonics for global applications. Lastly, ispace EUROPE signed an agreement with the Italian Space Agency to transport a laser retroreflector to the Moon for precise measurement experiments.

HSG Laser Launches New Facility in China: Weekly Update for January 3, 2025

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