Lynred will use the funds to develop small pixel-pitch near infrared detectors for increased sensitivity with fast frame rates to support accuracy and throughput for industrial process control.
France's economic stimulus package, Plan France Relance, is administered by the nation’s Ministry of the Economy and Finance. It includes financing instruments to support microelectronics, which is deemed strategic to France's economic recovery and industrial sovereignty. The money is being provided to modernize production facilities and to secure the supply chain.
Lynred will receive €900,000 (about $1.08 million) in R&D funding from the French government, approximately one third of the overall budget. The R&D program is expected to create about 20 new jobs.
"Our core mission is to supply state-of-the-art infrared detectors at the international level, while supporting an independent and sovereign infrared industry in France," said Jean-François Delepau, CEO of Lynred, in a statement.
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