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News

11 April 2007

 

AOI nets $28m in latest round of funding

Maker of laser diodes, photodetectors, and optical modules for fiber optic communications systems, Applied Optoelectronics Inc (AOI) of Sugar Land, TX, USA has raised $28m in capital through private placement. The company says the E-round funding will be used to expand production capacity and product development.

Since its launch in 1997, AOI has raised a total capital investment of $68.9m, including the latest funding.

“Finishing our E round reflects the confidence the investment community has in AOI and our desire to expand our presence in the fiber optic market”, said Dr Thompson Lin, founder, president and CEO of AOI. “As the telecommunications industry continues to grow, this investment will better position us to serve the needs of our customers and strengthen our market leading position.”

* AOI appoints Chewei Lin to board of directors

Chewei Lin has been appointed to AOI’s board of directors. Lin is currently president of the Desktop Platform Business Unit of VIA Technologies Inc, where he is responsible for VIA’s chipset and product roadmap planning. Prior to this, he held numerous positions within VIA Technologies, including: VP of the System Platform Division; VP of OEM and Chipset Product Marketing; and director of Chipset Product Marketing and Product Management. Lin holds a B.S of Electronic Engineering from Fu-Jen University and a M.S. of Electronic Engineering from the University of Missouri-Columbia.

Lin’s addition increases the number of AOI’s directors to seven. The other members are: Thompson Lin, founder, president and CEO of AOI; Andrew Kang, managing director of Technology Associates Management Company Ltd and president of Natural Polymer International Corp; William Yeh, vice chairman of United Central Bank; Richard Black, president and CEO of ECRM Imaging; Stephen Chiao, partner of Sycamore Venture; and Nancy Chang, chairman of Tanox.

See related items:

AOI launches 2.5Gbps DWDM lasers

Visit: http://www.ao-inc.com