+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
News Article

Indie Semiconductor buys Exalos AG

News

US-based autotech firm acquires Swiss photonics specialist


Indie Semiconductor, an automotive technology firm based in California, has acquired privately held Exalos AG, a 20 year old Swiss photonics company, specialising in the design of high-performance optical semiconductors including SLEDs for fibre optic gyroscopes and semiconductor optical amplifiers (SOAs).

"Exalos’ differentiated solutions immediately expand Indie’s ADAS and user experience product and technology offering to our global tier one and automotive OEM customer base," said Donald McClymont, Indie’s co-founder and CEO.

"Specifically, Indie can now leverage Exalos’ core Super luminescent LED, and SOA technologies to enable Head Up Display (HUD), high brightness visible lighting and Inertial Measurement Unit (IMU)-based navigational applications and, importantly, to extend our FMCW LiDAR portfolio. We are gaining a well-established team of 17 world class engineers, including the industry’s leading expertise in bright light sources based on a proprietary GaN process. At a higher level, our acquisition of Exalos represents another step in our quest to build a broadline autotech powerhouse.”

“We are excited to join forces with Indie at this key juncture of Exalos’ evolution," said Christian Velez, CEO and founder of Exalos. "Given Indie’s global sales channels and demonstrated scalability, I am confident that together we can take our business to the next level, capitalising on clear product synergies between us and extending our customer reach while preserving the Exalos innovation engine."

Subject to the terms and conditions of the definitive agreement, Indie paid approximately $45 million to Exalos equity holders comprised of 6.6 million Indie Class A common shares. In addition, if certain revenue-based performance targets are exceeded over a 24-month post-closing period, there is an opportunity for such holders to earn up to $20 million more in cash or Indie Class A common shares, at Indie’s election.

EMCORE announces integration of PICs into its products
Scottish photonics consortium wins £4.7m in UKRI funding
Yuanjie Semiconductor to supply lasers to POET
Fraunhofer IPMS announces government funding for quantum photonic chip
POET Technologies partners with Yuanjie Semiconductor Technology
SiLC announces silicon photonics systems for machine vision
Scientists develop novel optical modulators for integrated photonics
Scientists report integrated photodiodes on TFLN
Coherent wins award for innovative photonics product
FBH to present quantum technology developments at EQTC 2023
Skorpios and FormericaOE demonstrate PICs in 800G optical transceivers
EFFECT Photonics verifies fully integrated InP PIC
NASA awards grant for silicon photonics project
OpenLight and Spark Photonics partner on PIC design services
DustPhotonics announces 800G chip for hyperscale data centres and AI
Lightwave Logic Receives Industry Innovation Award
Imec announces SiGe BiCMOS optical receiver
SiFotonics announces silicon photonics 800G LPO solutions
Rockley Photonics progresses noninvasive biomarker monitoring
MantiSpectra secures €4 million for miniaturised spectrometers
Sivers to demo next-gen laser arrays at ECOC 2023
ASMPT AMICRA and Teramount collaborate on silicon photonics packaging
Quantum Computing Inc. selects Arizona site for photonic chip foundry
German government to fund ams OSRAM optoelectronic semiconductor development
Luceda Photonics introduces new PIC design software
Vodafone explores silicon photonics for future mobile networks
Coherent introduces 1200 mW pump laser module
Photonics startups invited to apply to Luminate NY accelerator
New tool could improve lithography for smaller, faster chips
InP-based lasers surpass 2.2 mm
Indie Semiconductor buys Exalos AG
New technique controls direction and wavelength of emitted heat

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the PIC Magazine, the PIC Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: