LioniX International, a photonic chip foundry, has secured €1.5 million in bridge financing from Oost NL to ensure its continuity and future growth. Despite facing challenges in 2023, the company’s outlook for 2024 remains positive. LioniX specializes in developing applications using its proprietary TriPleX® platform, which offers ultra-low loss silicon nitride waveguides for a wide range of photonic integrated circuit applications. This strategic partnership with Oost NL secures jobs in the region and enables LioniX to develop further and exploit its unique technology, positioning itself as a potential global leader in the photonic chip industry.
The funding is a relief for the Enschede-based company, whose majority shareholder is the South Korean Macro Micro, which didn’t want the company to receive the money or invest in it. Earlier this year, Oost NL, PhotonDelta, Invest-NL, and the University of Twente acquired 25% of LioniX, as the company itself seemed financing.
LioniX International’s journey since its inception in 2001 has been marked by consistent growth and innovation in the photonic chip industry. The company’s proprietary TriPleX® platform has set new standards in silicon nitride waveguide technology, offering ultra-low losses and wide transparency. These advancements have made TriPleX® waveguides suitable for a broad range of applications, from integrated optical beamforming to hybrid integrated tunable lasers.
Dr. Arne Leinse, CEO of LioniX International, expressed his optimism about the company’s future. “This financing allows us to continue our innovation and development efforts, ensuring that we remain at the cutting edge of photonic technology,’ he stated. The company’s focus on integrating TriPleX® waveguides with optimized components for various applications underscores its commitment to advancing the field of photonics.”
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