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Source Photonics Closes New Funding for Next-Generation Technologies Amidst COVID-19

Source Photonics, a leading global provider of optical transceivers, announced it recently closed more than $40M in equity to support its growing data center and 5G business, and to enhance its existing low-cost as well as advanced solutions. The new investment amidst the COVID-19 pandemic reflects the investors’ confidence in the company’s long-term vision and business strategy. The latest funding will be used to further expand the company’s 5G product line and upgrade its own laser chip production facilities while continuing to strengthen the research and development of its low-cost solutions and next-generation technologies.