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Message: Skorpios Technologies announces additional funding to complete relocation

https://picmagazine.net/article/118845/Skorpios_Technologies_announces_additional_funding_to_complete_relocation

Skorpios Technologies announces additional funding to complete relocation

Wednesday 6th March 2024

The company says it will use the funding to accelerate its next-generation technologies, as well as to complete the restart of operations at its new facility

Skorpios Technologies, an integrated silicon photonics and silicon nanostructure foundry company, has announced the successful closure of recent financing. This news closely follows the company’s strategic move to its new fab facility in Temecula, California.

The recent financing injected new capital that the company says will be instrumental in advancing its cutting-edge technologies, including its Tru-SiPh Heterogeneous Photonic Integrated Circuits (HPICs). Skorpios says it remains committed to being a leading innovator in the field of silicon photonics and delivering industry-leading products. The funding will also be used to complete the restart of operations and accelerate the development of next-generation technologies, such as 1.6T HPICs.

According to Skorpios, its 450,000-square-foot state-of-the-art facility in Temecula provides ample space for manufacturing expansion, meeting both the increasing demand from customers worldwide for silicon photonics driven by the AI revolution and the increasing business for silicon nanostructures in biomedical, advanced packaging, and military applications. The move to Temecula aligns with Skorpios’ vision of fostering local partnerships and contributing to the community.

Stephen Krasulick, Skorpios Technologies’ CEO and cofounder, said : “Our team in Temecula continues to do an amazing job bringing up the new facility. The combination of the Temecula team and the new facility will allow Skorpios to broaden our impact on both the silicon photonic and silicon nanostructure markets.”

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