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GrandMicro has officially announced the acquisition of 100% equity in LUCEDA NV, facilitated through its wholly-owned subsidiary, GrandMicro Electronics (Singapore) Pte. Ltd. Upon successful completion of this transaction, LUCEDA will transition into a fully-owned subsidiary of GrandMicro and be integrated into the company's consolidated financial statements. Amidst the burgeoning growth of the silicon photonics industry, GrandMicro aims to establish a forward-thinking industrial strategy, prioritizing advancements in silicon photonics-related technologies. As a pioneering player in the global realm of silicon photonics chip design automation software, LUCEDA will serve as a cornerstone in GrandMicro's silicon photonics industry ambitions, enabling the company to expand its footprint from traditional EDA (Electronic Design Automation) into PDA (Photonic Design Automation).
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