news digest ♦ Telecoms
“These technical seminars in China and Taiwan gave us and our audiences a great opportunity to spend time being updated by a wide range of eminent speakers, in a relaxed atmosphere where we can share experiences and learn more from our peers. As a company our ethos is to use innovation to turn smart science into world class products, and by working closely with partners at the top of their field and learning about their evolving requirements, their research and technological developments, we hope to achieve this,” he said.
Infinera announces proposed $100 million offering
The seminar in Beijing was co-hosted by the Institute of Semiconductors, Chinese Academy of Sciences (IOS-CAS) one of the most important bases for the research and development of semiconductor science and technology in China. Its counterpart in Taiwan was co- hosted by ITRI, one of Taiwan’s leading non-profit R&D organisations with over 5,800 employees.
Both seminars featured a range of International and national speakers including Yang Fuhua from IOS-CAS in China and Chyi, Jen-Inn, Executive Vice President, National Applied Research Laboratories in Taiwan.
The talks covered a number of key areas including GaN on silicon power device development, SiC wide bandgap semiconductors for power electronics applications and MEMS devices, processes and trends.
Shao-Chung Hsu, Executive Director of ITRI South Campus gave a welcome address at ITRI, and commented, “At ITRI we actively encourage our collaborations with leading industrial companies, and are delighted to join Oxford Instruments this week and hold such an informative conference. Oxford Instruments has an excellent cleanroom facility established here at ITRI so it is fitting for us to host an event covering the wide range of applications that the Oxford Instruments systems can offer including MEMS, HBLED, ALD and III-V. “
He continued, “Talks about the recent progress in their research and development and future trends in the fabrication and applications in micro and nano structures, gave the audience from academia and industry much opportunity for discussion. We hope to hold more events like this with Oxford Instruments at ITRI.”
Frazer Anderson, Business Group Director at Oxford Instruments Plasma Technology introduced the company at both seminars and summarises the company’s pleasure at the events’ success last week,
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www.compoundsemiconductor.net June 2013
The convertible senior notes will be due in 2018. Infinera expects to use the net proceeds of the offering for general corporate purposes, including working capital and potential strategic projects
InP PIC provider Infinera Corporation is intending to offer, subject to market conditions and other factors, $100 million aggregate principal amount of convertible senior notes in a private placement to qualified institutional buyers.
Infinera also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $15 million aggregate principal amount of the notes to cover over-allotments.
The notes will be unsecured, unsubordinated obligations of Infinera, and interest will be payable semi-annually. Prior to December 1st, 2017, the notes will be convertible at the option of the noteholders only upon the occurrence of specified events; thereafter until maturity the notes will be convertible at the option of the noteholders at any time.
Upon conversion, the notes will be settled in cash, shares of Infinera’s common stock or any combination thereof at Infinera’s option. Final terms of the notes, including the interest rate, initial conversion rate and other terms, will be determined by negotiations between Infinera and the initial purchasers of the notes.
The notes will be offered to qualified institutional buyers pursuant to Rule 144A under the act.
Neither the notes nor the shares of Infinera’s common stock issuable upon conversion of the notes have been registered under the Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
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