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Compound Semiconductors Global Secures Multi-million Refinance Deal
Leading UK III-V Opto semi-conductor manufacturer Compound Semiconductor Technologies Global Ltd (CSTG), has received a $6 million boost to expand its capabilities through the purchase of new equipment and new technology. The multi-million dollar finance deal, which comprises of $3.4million of new investment and the restructuring of long term debt.
The funding will also go towards further development of their unique device process platforms for the defence, medical Industrial and communications markets. The only “pure play” foundry and customisation supplier of III-V wafers and chips will further develop it’s quality of service offering to it’s OEM and “Fabless” customer base around the world.
The investment follows the recent award of a collaborative £1M development contract in the High speed communications market for next generation local broadband access.
For further information please visit:
http://www.compoundsemi.co.uk/invest2009.pdf and
http://www.computescotland.com/2386.php