Starman New Photonics, LLC (SNP) received a tax credit from the New Jersey Economic Development Authority (NJEDA) board to support its $150 million investment in the Garden State. The advanced manufacturing company, which specializes in high-speed optical transceivers used in AI applications, plans to renovate a 100,000-square-foot facility in Warren and create 250 jobs.
The tax credit serves as the first award under NJEDA's Next New Jersey Manufacturing Program.
SNP plans to manufacture its next-generation optical transceivers through precision manufacturing, assembly, packaging and R&D. The optical transceivers contribute to AI production by connecting Graphics Processing Units in data centers and overcoming bandwidth and energy limitations.
“We’re proud to partner with the State of New Jersey to onshore optical transceiver manufacturing,” SNP CEO Charles Tebele said. “With the Department of Defense moving to prohibit the procurement of optical transceivers from certain foreign producers, domestic manufacturing has become increasingly imperative.”
SNP qualifies for a tax credit of $7.5 million issued annually over the first five years of a 10-year commitment to New Jersey, for a total of $37.5 million.
