Wireless technology company Qualcomm has made what it's calling "a strategic investment" in Anteryon, which makes camera and laser projection modules for portable devices.
Netherlands-based Anteryon, formerly the optics division of Philips, produces miniature optical module production for mobile phone cameras and laser projection. Its factories currently produce millions of imaging units every month for mobile phone manufacturers. The investment funds will be used for Anteryon’s 'WaferOptics' optical module production technology and the expansion of its Asia production facility.
Gert Jan Bloks, Anteryon's CEO, said "We are very excited about the quality and commitment of our new investor, Qualcomm. The magnitude of opportunities opened up by the WaferOptics production technology is immense, and Qualcomm’s experience and knowledge in the wireless industry will be a contributing factor in our future success. This new investment will enable us to boost our worldwide manufacturing facilities, including extension of the facilities in Eindhoven and the set up of a new state of the art production facility in the Far East. In order to meet the high-volume market demand, we will also investigate additional ways of scaling our business, such as partnering with other players in the supply chain and/or licensing our technology."