SAWNICS Raises $7.33 Million in Convertible Bonds to Expand into Photonics

SAWNICS, a Korean RF-filter foundry listed on KOSDAQ, has completed a US$8.38 million private placement of zero-coupon convertible bonds. The funding, fully paid on November 9, 2026, will be allocated to research and development, production, operations, and equipment for satellite-communications filters and AI photonics, with initial mass production of photonics targeted for 2027.