Pittsburgh, USA, December 8, 2022 — Cohent Gaoyi (NASDAQ: COHR), a global leader in materials, networks and lasers, today announced that it had signed a memorandum of understanding (MoU) with two Korean institutions — Electronics and Telecommunications Research Institute (ETRI) and Korea Advanced Institute of Science&Technology (KAIST), To promote cooperation in advanced electronic and photonic devices, with a focus on the Korean market.
The MOU was jointly signed with the Korea US Industrial Cooperation Forum. The forum, supported by the US Department of Commerce, MOTIE (Ministry of Trade, Industry and Energy of the Republic of Korea) and KIAT (Korean Institute of Advanced Technology), provided a platform for mutual cooperation between the two countries.
South Korea is at the forefront of new technologies that are transforming industries such as communications, automotive and consumer electronics. Coherent Gaoyi’s technology platform is very suitable for realizing a wide range of existing and emerging applications in these rapidly growing markets.
Dr. Julie Sheridan Eng, Chief Technology Officer of Coherent Gaoyi, said: “South Korea is still a strategic market of Coherent Gaoyi, and we are very looking forward to expanding our relationship with respected partners such as ETRI and KAIST. We will first review our respective technology roadmap, and determine which areas we can improve our technology level and accelerate the technological development of South Korea.”
The partnership will cover a wide range of device innovations, utilizing silicon carbide, gallium arsenide and indium phosphide technology platforms. The cooperation will solve the applications of power electronics in electric vehicles, industrial applications, optics and wireless networks.
ETRI, founded in 1976, is the largest government research institution in South Korea. ETRI has always been at the forefront of technological excellence in key information and communication technologies, including broadband gap technology for microwave, power switches, sensors and emerging photonic devices. By 2022, ETRI has about 2500 employees, of whom about 89% are researchers.
KAIST GCC (KAIST Global Commercialization Center) was established in 2015 to promote technology commercialization between South Korea and foreign countries. KAIST GCC is committed to helping high-tech enterprises enter overseas markets and establish business.