Durham County Council’s business gateway, is delighted to announce that a major new investor in the county, Compound Photonics, has acquired the former RFMD facility at Newton Aycliffe.
As well as saving the factory and the jobs of those employed there, it is predicted that the investment by the cutting edge technology company will create even more jobs with 200 expected to be employed on the site in the future.
Compound Photonics’ acquisition of the facility in Newton Aycliffe adds to their existing operations based in London and the United States. It is building the world’s smallest high definition 1080p and ultra high definition 4K projection light engines for mobile devices, projectors and automotive heads up displays.
Compound Photonics’ acquisition of the facility in Newton Aycliffe adds to their existing operations based in London and the United States. It is building the world’s smallest high definition 1080p and ultra high definition 4K projection light engines for mobile devices, projectors and automotive heads up displays.
Jonathan A. Sachs Ph.D., president and CEO of Compound Photonics, explained, “The availability of the facility at Newton Aycliffe is a fantastic opportunity for Compound Photonics. The facility, the equipment and the highly-skilled workforce will enable us to significantly expand our manufacturing capacity to meet the demand of global markets for a new generation of projection products.
In March this year, RFMD announced its intention to consolidate manufacture back to its American headquarters, leading to the closure of the Newton Aycliffe facility with the loss of all jobs. Since then, Business Durham has been working hard with interested parties to save the factory and safeguard jobs in County Durham. The acquisition of the facility by Compound Photonics opens up a brand new future for the plant and the people.
Left to right: Cllr Neil Foster, Dr Johnathan Sachs, Richard Jackson (Vice President Compound Photonics) And Dr Simon Goon.
