Climate friendly cooling tech firm gets $50 mln from Goldman Sachs [Financial Post (Toronto, Ontario, Canada)]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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Source: Financial Post
and polluting water sources, but technology is starting to change the way we keep cool. Phononic, a startup based in Durham North Carolina using a material called bismuth telluride to make so-called cooling chips, on Wednesday said it raised $50 million from Goldman Sachs Asset Management. How and when to watch the Tokyo Olympics: Week One Advertisement When electricity runs through the chip the current takes heat with it leaving one side of the chip to cool and the other to heat up, said Tony Atti, Phononic co-founder and CEO. Advertisement Article content The chips can be as small as a fraction of a fingernail or as big as a fist depending on how much coolants are needed and have been used to create compact freezers for vaccine transportation or for ice-cream at convenience stores like Circle K, he said. A more recent and fast growing use is to prevent overheating in lidars, laser-based sensors in autonomous cars, and optical transceivers for 5G data transmission, said
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News
- Fabrinet to Announce Third Quarter Fiscal Year 2024 Financial Results on May 6, 2024Business Wire
- Phononic Launches Wholly Owned Subsidiary in Thailand as APAC Headquarters [Yahoo! Finance]Yahoo! Finance
- The total return for Fabrinet (NYSE:FN) investors has risen faster than earnings growth over the last five years [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have a "neutral" rating on the stock.MarketBeat
- Full Glass Wine Co. Secures $14 Million Funding; Acquires Leading DTC Wine Subscription Brand, Bright Cellars [Yahoo! Finance]Yahoo! Finance
FN
Earnings
- 2/5/24 - Beat
FN
Sec Filings
- 3/13/24 - Form 4
- 3/11/24 - Form 4
- 3/7/24 - Form 144
- FN's page on the SEC website