[photopress:IT_Arasor.jpg,full,alignright]Australian optical chip maker Arasor has hooked up with China’s ZTE Corporation in a US$300 million investment. Arasor said it had formed the joint venture with China’s largest listed provider of telecommunications and networking gear to commercialize laser display applications for televisions, projectors, and mobile phone, PDA and laptop screens.
Arasor produces product in three distinct industries — networking, wireless and consumer optoelectronics.
Arasor’s products integrate photonic technologies onto a single optoelectronic chip which makes them much faster. Most of its chips are sold for use in wireless communications.
Arasor will own 51% of the joint venture. The China Development Bank will provide financing up to US$300 million under the first phase of the JV, with production expected to start in the second half of 2008.
The companies say they intend to eventually produce six million laser sources and 2.4 million light engines a year for use in mobile phones.
ZTE senior vice president Yong Yu said, ‘This joint venture will leverage the combination of ZTE’s global reach, Arasor ‘s core laser display technologies, and the financial strength of the China Development Bank to propel the acceptance of state-of-the-art laser display applications on a worldwide basis.’
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