Newport Opticom is expected to announce Wednesday it has received a $7 million first round of funding, led by Sienna Ventures. Other investors include Investar and Taiwan Semiconductor Manufacturing Co. (TSMC). Newport Beach, Calif.-based Newport Opticom manufactures fiber optic switches that use light wave signals, rather than electrical conversions. Sienna's investment marks the second for senior partner Gil Amelio, former chief executive of Apple Computer and National Semiconductor.
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