BluGlass acquired GaNWorks Foundry, its commercial contract manufacturing partner, for US$800,000 ($1.2 million).
The move completes the vertical integration of BluGlass' Silicon Valley laser fabrication facility, enhancing its gallium nitride wafer processing capabilities.
The acquisition includes critical equipment for n-side wafer thinning and laser bar cleave processes, previously outsourced to GaNWorks.
The transaction comprises $120,000 in cash and $680,000 in new BluGlass shares. The acquisition expedites BluGlass's growth strategy by over 30%, saving over $400,000 ($612,322) annually.