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PhotonWave Received USD 5M Investment from IBK bank Strengthening the competitiveness of Korean materials, parts, and equipment companies
Apr 28, 2023, 10:07
Industrial Bank of Korea selected Photon Wave and Mutech Korea as the first and second investment targets of the 'IBK-BNW Industrial Competitiveness Growth Support Fund' and completed investments of USD 5 M and 16 M.
The ‘IBK-BNW Industrial Competitiveness Growth Support Fund’ is a fund created to nurture and support Korean companies in the fields of materials, parts, and equipment amid Japan’s continuing export restrictions.
PhotonWave, a sterilization light emitting diode chip manufacturer, is expected to grow steadily as demand for products increases as the importance of sterilization and quarantine increases due to the prolonged COVID-19.
Mutech Korea is a company that has localized the optical system used in inspection equipment for display manufacturing. It is planning to advance into various fields such as semiconductors, defense, and bio.
“We decided to invest in both companies because they were expected to contribute to strengthening the competitiveness of the Korean materials, parts, and equipment industries with their outstanding technology.
We will continue to actively discover companies with excellent and unique technology to support their growth and job creation.”
PhotonWave is concentrating on producing related chips and wafers based on ‘UV-C/B LED’ technology, which is an LED for sterilization. The number of orders of UV-C LED chips from
Photon Wave, a Korean sterilization light-emitting diode chip manufacturer, is high rocketing. Founded in 2016, Photon Wave succeeded in supplying sample chips to customers last year and posted sales of USD 14M.
The differentiated point of PhotonWave, a Korean sterilization light emitting diode chip manufacturer, is a one-stop solution that all processes from wafer to chip aspect. In particular, designing and manufacturing epitaxial wafers for UV-C LEDs is the biggest strength.
Then, as orders come in from all over the world, they are experiencing a supply shortage. Additional production facilities were secured to increase production capacity. We are accelerating our efforts to enter the overseas market in earnest.
For more information on Photon Wave please visit http://www.photonwave.co.kr
Contact : Tel. +82-31-339-6773 / info@photonwave.co.kr
Related Link : http://www.photonwave.co.kr
HANMIR Writer
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