WXXI AM News

AIM Photonics

aimphotonics.com

The building that houses some of the area’s photonics activity has been sold.

The building is home to AIM Photonics organization’s TAP, or testing, assembly and packaging facility. It's on Lake Avenue in Rochester and part of the Eastman Business Park.

A California-based private equity company, FabExchange says it has acquired the building from ON Semiconductor, an Arizona-based company. ON Semiconductor has been winding down its operations in Rochester in recent years; the TAP facility takes up two floors of the building.

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The CEO of AIM Photonics is leaving that job after just 7 months in that role.

State officials announced Friday that Michael Cumbo is leaving his position to join Artemis Capital Partners, a private equity firm based in Boston.

But state economic development officials say that Cumbo, who is a Rochester native and is based in Albany, will continue his involvement with AIM as a special advisor to the organization’s leadership team.