Wednesday, March 9, 2016

NeoPhotonics Comments on U.S. Department of Commerce Ruling on ZTE

NeoPhotonics, which supplies advanced hybrid photonic integrated optoelectronic modules and subsystems, confirmed that ZTE is a customer but that the Department of Commerce ruling on ZTE would not impact its financial outlook.

NeoPhotonics revenue to ZTE during fiscal year 2015 were approximately one percent of total revenue, and the company does not anticipate materially different revenue from ZTE in the first quarter of 2016 or in the 2016 fiscal year.