Saiwei Electronics (300456.SZ) plans to invest in CompoundTek to further strengthen and enhance its competitiveness and market position in the silicon photonics foundry field.

China Finance APP News, Sai Microelectronics (300456.SZ) announced that its wholly-owned Hong Kong subsidiary, Yuntong Electronics, has signed relevant agreements with IGSS Ventures and CompoundTek regarding the acquisition of a portion of CompoundTek's equity and silicon photonics process technology transfer. Yuntong Electronics will acquire 10% of CompoundTek held by GSS Ventures at a valuation of $40 million, and CompoundTek plans to transfer its silicon photonics process technology to Yuntong Electronics, the designated party of the company's Hong Kong subsidiary. The transaction will be funded with internal funds, with consideration of $4 million.