PII: S0961-1290(00)90593-3 Southampton Photonics start-up attracts USli55m in fundina Pictured: (from L-R) Professor David Payne (Chairman), Don Spalinger (Acting President) and Dr Peter Ballantyne (Senior VP, Operations and Engineering) of Southampton Photonics. A new start-up - Southampton Photonics (spun out of the Opto- electronics Research Centre at the University of Southampton) - has at- tracted first-round fund- ing of &37m (US$55m, a record for the UK) to de- sign and make fibre-optic telecoms components. The company intends to create 200 jobs over the next 18 months at a new 2250 m2 facility in the Chilworth Science Park in the UK and estab- lish design, production and sales facilities in California employing 250 staff by end-2002. Initial products will be based on technology licensed from the University of Southampton, much of it developed and patented by the founders and em- ployees while working at the ORC, with which the company will have an on-going alliance. Founder and Chairman is Professor David Payne FRS, head of the ORC, leader of the team that invented the optical amplifier (en- abling DWDM) in 1986, and jointly awarded the Benjamin Franklin Medal for developing the er- bium-doped fibre amplti- er in 1998. Products will include: ?? DFB fibre laser arrays for closely packed chan- nels for DWDM; ?? optical filters with en- hanced performance al- lowing more channels per fibre; and . broadband optical amplifiers. Southampton Photonics Tel: +44 (0) 238059- 2116 Corning to invest US$270m Corning Inc is investing US$270m to increase ca- pacity of Corning Lasertron products six- fold over the next two years, involving construc- tion of a new factory and creation of about 1150 jobs: * US$225m in expanding Corning Lasertron to in- crease capacity for am- plification and transmission products, including pump lasers, transmission lasers and receivers, enabling the broadening of manu- facturing from wafer fabrication through packaging; * Corning also invested US$45m to double ca- pacity at Corning Lasertron’s Oak Park fa- cility in Bedford, MA, USA. News Update JDSU and SDL in US$4lbn merger The largest fibre-optics component manufactur- er JDS Uniphase Corp (Nepean, Toronto, Canada and San Jose, CA, USA) has acquired num- ber 2 supplier and MOCVD-based high- power laser manufactur- er SDL Inc for about US$4lbn in stock. SDL has about 1,700 staff and JDSU over 17,000. SDL makes 980 nm chips but - unlike JDSrJ - also packages them into mod- ules. SDL will operate as a wholly-owned subsidiary. In the past year, a toi:al of 14 acquisitions have been undertaken eil:her by JDSU or by companies it later pur- chased. Including Epitaxx Inc, Sifam Ltd, O_ptical Coating Laboratory Inc, Cronos Integrated Microsystems InI:, and Fujian Casix Laser Inc (acquired be- tween November ‘99 and May ZOOO), JDSU’s year-2000 sales were US$1.43bn (up 143% on ‘99 for JDS FITEL Inc and Uniphase Corp com- bined). Including merg- er-related charges etc, ne;: loss was US$419m (US$905m for fiscal 2000). The combined com- pany - JDSU, SDL and E- TEK Dynamics (acquired for US$lSbn in June) - has annual sales of about USS2.7bn. JDSi uniphase carp Tel: +1-408-4341800 Ill-k Review ??Vol.13 No. 5 2000 27