LITEON invests US$34m for 21% stake in DenseLight

Optoelectronic and power management firm LITEON Technology of Hsinchu, Taiwan has announced a strategic investment in DenseLight Photonics — an integrated device manufacturer (IDM) of indium phosphide (InP) optical communication components through its Singapore-based operating subsidiary — with a total transaction value of US$34.3m. LITEON will hold about 21% equity ownership in DenseLight and secure one seat on the board...