Today we’re going to take you through the ins and outs of a semiconductor optics company that made the headlines for its performance post-IPO on the Singapore Exchange. 

Listed on the SGX in September 2025, our guest for today MetaOptics develops metalenses, or flat, glass-based lenses made with the same technology and process as semiconductor chips.

But what does this mean exactly? Well, lenses are typically made using curved glass, which helps them refract and focus light rays, say in the case of camera lenses or magnifying glasses.  

MetaOptics, on the other hand, uses a different process to make its lenses. Instead of using curved glasses, it uses a process called semiconductor photolithography to carve out microscopic pillars on a flat wafer, just like how transistors are engraved onto silicon chips. 

With the microscopic pillars engraved on the lenses, the lenses behave like silicon chips, where their reflective index changes when varying amounts of electricity passes through it. This means the same lens can adopt multiple properties and perform multiple tasks from zooming in, focusing, or even shifting depth, depending on the situation. 

In application, this means that devices such as smartphones, laptops or projectors will only need one metalens to perform multiple functions. This reduces the thickness and weight of hardware devices, making them easier to carry around.

Beyond that, metalens can also be used to transmit information using light. This presents an opportunity for the firm to tap the rise in demand for computing devices in the age of AI. So how does the firm define its value proposition exactly, and what are the key revenue drivers for it? 

Meanwhile, MetaOptics listed on the Catalist board of the Singapore Exchange in September 2025, and has seen its shares rise five fold in three months. More recently, the firm also announced plans to seek a dual listing on the US NASDAQ stock exchange.

So how has the firm used the additional public capital raised? What are its plans for the future and what is its assessment of the effectiveness of listing on the local bourse then?

On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Mark Thng, CEO, Metaoptics.