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PRZOOM - /newswire/ -
Munich, Bavaria, Germany, 2023/06/08 - ADVA today announced that the European Commission has approved funding by its member states that will support companies to develop a new generation of microelectronics and communication technologies in Europe - Adva.com. FSE: ADV
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• Project targets new solutions enabled by high-performance electro-photonic integrated circuits;
• The investment is part of the Important Project of Common European Interest in microelectronics and communication technologies;
• Initiative will strengthen regional supply chains and bolster Europe as a hub of microelectronics and communication innovation.
The amount of funding ADVA may receive is not yet determined and will be subject to substantial self-investment. ADVA currently does not expect a significant impact on its financial results. Operating under the Important Project of Common European Interest in microelectronics and communication technologies (IPCEI ME/CT) framework, ADVA‘s initiative will address the growing need for network solutions that deliver high data rates, low cost and reduced power consumption. The project will target network edge equipment built with high-performance electro-photonic integrated circuits (ePICs).
“We’re thankful for the EU’s support in clearing the path for state aid and will work closely with the German government to secure funding for our R&D activities in high-performance electronics and electro-optic transceiver technologies,” said Christoph Glingener, CTO of ADVA.
About ADVA Optical Networking
ADVA (adva.com) is a company founded on innovation and driven to help our customers succeed. For over two decades, our technology has empowered networks across the globe.
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Agency / Source: ADVA Optical Networking | Adtran Networks
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Contact: Press Office - AdvaOptical.com
+49(0)89 89 06 65 0  public-relations[.]advaoptical.com
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