PHIX Photonics Assembly secures next round of financing, LioniX International obtains a majority share
PHIX Photonics assembly (PHIX) moves forward in the next step of its growth due to the recent acquisition of LioniX International BV by Magic Micro Co. Ltd . As part of this acquisition and the further implementation plan towards high volume assembly of Photonic Integrated Circuit (PIC) modules, LioniX International has increased its share in PHIX. This will strengthen its position as a vertical integrated supplier of PIC based modules.
In parallel to this change in ownership, PHIX also secures financial support for the upscaling from semi- automated to fully-automated assembly lines. Both Magic Micro and Panthera International (the original main shareholder of LioniX International) are committing to financially support PHIX for further upscaling. This growth is needed to serve current customers and market demands.
"˜This participation will enable us to serve our worldwide customers for moving from prototyping to high volume manufacturing of PIC based modules', said Hans van den Vlekkert, CEO of LioniX International.
"˜With this investment we can boost our growth in the PIC assembly arena, this will specifically accelerate the implementation of our automated assembly lines', said Albert Hasper, CEO of PHIX
"With this increased participation the position of Magic Micro in the field of integrated photonics is further strengthened. We now can offer our Korean customers a complete solution from prototyping to high volume production for PIC based products", said William Jang, CEO of Magic Micro.
Details of the financial support are not disclosed.