Kymata secures ?10m for Scottish fab facility

Kymata secures ?10m for Scottish fab facility
Alex Mayhew-Smith Recent start-up optoelectronics company Kymata has secured ?10m of investment to set up a fabrication facility in Scotland. The Livingston-based firm, which set up 14 months ago, will use the money to start production of the firm’s silica-on-silicon 150mm wafers, bringing 200 jobs to the area in the next five years. “The key issue is that optoelectronics is emerging as a new industry. There is a small number of UK players and a tremendous scope for growth,” said Kymata’s CEO Brendan Hyland. Kymata is also in the advanced stage of talks with potential customers for the chips. The chips, which will enter production in the early part of next year, will be used by customers of telecoms operators in optoelectronic switching systems, said Hyland. The ?10m investment came from BT, Southampton University and 3i, which contributed ?6m in return for a 40 per cent equity stake.


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