Showing posts with label Lumentum. Show all posts
Showing posts with label Lumentum. Show all posts

Tuesday, November 16, 2021

Lumentum introduces multi-junction VCSEL arrays

Lumentum introduced high-performance 1D and 2D addressable arrays for advanced automotive, consumer, and industrial LiDAR and 3D sensing applications.

VCSEL arrays have become the preferred laser illumination source for short-range 3D sensing applications such as biometric security and world-facing LiDAR in consumer mobile devices due to their proven reliability and ability to be manufactured at scale. 

Lumentum said its multi-junction VCSEL arrays can deliver significantly higher peak optical power densities and efficiencies  for longer-range applications by decreasing the electrical current needed and simplifying electrical driver and package design. Specifically, Lumentum's high-power multi-junction addressable VCSEL arrays emit at 905 nm and 940 nm and are built upon the manufacturing foundation developed over the past several years of high-volume VCSEL array shipments serving the consumer electronics market. The higher peak power, addressability, thermal stability, and narrow wavelength range of these sources open new potential for all-solid-state short-, medium- and long-range LiDAR systems.

"We're excited to build on our industry-leading multi-junction VCSEL technology with this breakthrough and bring addressable array illumination sources to longer-range depth-sensing applications like LiDAR," said Matt Everett, Product Line Director of 3D Sensing at Lumentum. "On-chip array addressability can eliminate the need for mechanical beam scanning, which opens a new world of possibilities for autonomous vehicles and emerging 3D sensing systems and will help accelerate LiDAR adoption across a wide range of customer applications."

Lumentum high-performance multi-junction addressable VCSEL array products are expected to be available starting in calendar Q4 of 2022. 

http://www.lumentum.com

Thursday, November 4, 2021

Lumentum to acquire NeoPhotonics for $918M amidst strong demand

Lumentum agreed to acquire NeoPhotonics for $16.00 per share in cash, representing a total equity value of approximately $918 million and a premium of approximately 39% to NeoPhotonics' closing stock price on November 3, 2021.

The companies cited significant next-gen 400G+ opportunities as a leading driver for the merger.

NeoPhotonics, which was founded in 1996 and is based in San Jose, is a leading supplier of tunable lasers and optoelectronic components, including devices manufactured in its own Indium Phosphide fabs and combined with electronics using using Advanced Hybrid Photonic Integration techniques. The product portfolio includes coherent components and tunable lasers, coherent transceivers, wavelength management products, as well as fixed wavelength lasers and high speed driver ICs. The company has engineering and manufacturing facilities in Silicon Valley (USA), Japan and Shenzhen, China.

Lumentum said the acquisition strengthens its position in the more than $10 billion market for optical components used in cloud and telecom network infrastructure. 

"With NeoPhotonics, we're making another important investment in better serving our customers and expanding our photonics capabilities at a time when photonics are at the forefront of favorable long-term market trends," said Alan Lowe, Lumentum President and CEO. "At the center of our strategy is a relentless focus on developing a differentiated portfolio with the most innovative products and technology in our industry so that we can help our customers compete and win in their respective markets. Adding NeoPhotonics' differentiated products and technology and innovative R&D team is consistent with this strategy and together, we will better meet the growing need for next generation optical networking solutions."

"Today's announcement is an exciting milestone for NeoPhotonics," said Tim Jenks, NeoPhotonics President, CEO, and Chairman. "The increasing global demand for our ultra-pure light tunable lasers and photonics technologies for speed over distance applications is more apparent than ever, and Lumentum is the ideal partner to serve our customers on a larger scale. Lumentum recognizes the importance of NeoPhotonics' differentiated photonic technology and products, which are well positioned for accelerated growth in the coming years. "


Lumentum intends to finance the transaction through cash from the combined company's balance sheet. Lumentum also noted that it will provide up to $50 million in term loans to NeoPhotonics to fund anticipated growth, which may require increased working capital and manufacturing capacity.

Separately, NeoPhotonics reported Q3 2021 revenue of $83.7 million, at the high end of guidance range, up 29% quarter-over-quarter and down 18% year-over-year. Gross margin was 28.4%, up from 15.2% in the prior quarter.

“With our very strong performance in the third quarter, we have returned to operating profit on a non-GAAP basis, as we forecasted one year ago. Operating income on a GAAP basis was a loss of $1.3 million, a substantial improvement over our second quarter. Our accelerated growth has been driven by products for 400G and above applications, including the initial ramp of 400ZR and related products, adding to our 400G and above suite,” said Tim Jenks, Chairman and CEO of NeoPhotonics.

Lumentum also reported net revenue of 2022 was $448.4 million for its fiscal first quarter ended October 2, 2021, with GAAP net income of $81.5 million, or $1.08 per diluted share. 

"Driven by strong demand, first quarter financial results were above our guidance ranges across all metrics," said Alan Lowe, President and CEO. "Our Industrial and Consumer product lines and our Commercial Lasers segment revenues were ahead of expectations which more than offset the impact of semiconductor shortages in our Telecom and Datacom product lines."

"Looking to the second quarter, demand continues to be strong, particularly in Telecom and Datacom as well as Commercial Lasers, where we expect revenue to grow sequentially. While we are increasing our supply of semiconductors, we expect the gap between demand and supply for our products in the second quarter will be larger than it was in the first quarter, and we have incorporated this in our guidance," added Mr. Lowe.

https://www.lumentum.com/en/media-room/news-releases/lumentum-acquire-neophotonics-accelerate-optical-network-speed-and

http://www.neophotonics.com

NeoPhotonics adds tunable, high power FMCW laser

NeoPhotonics announced a new, tunable high power FMCW (frequency-modulated continuous-wave) laser module and high power semiconductor optical amplifier (SOA) chips. Both components are optimized to enable long range automotive lidar and high resolution industrial sensing applications. The FMCW Laser is C-band tunable and can be directly modulated to provide >21dBm (126mW) fiber coupled power and a narrow linewidth FMCW optical signal. The...

NeoPhotonics debuts CFP2-DCO module for 400G ROADMs

NeoPhotonics announced a new, high output power version of its 400G Multi-Rate CFP2-DCO coherent pluggable transceiver with 0 dBm output power and designed to operate in metro, regional and long haul ROADM based optical networks.NeoPhotonics said its new, high output power module is based on its vertically integrated Indium Phosphide technology platform, including its ultra-pure Nano tunable laser and Class 40 Coherent Driver Modulator (CDM) and...

Lumentum intros 400G CFP2-DCO coherent modules, PAM4 DMLs with 2 km reach for 400G+ 

At next week's virtual Optical Fiber Communication Conference (OFC) Lumentum will introduce new 400G CFP2-DCO coherent modules, enhanced PAM4 DMLs with 2 km reach for 400G+ applications, and expanded WSS capabilities.The new high-performance 400G CFP2-DCO coherent transmission modules build on the company's existing its 200G CFP2-DCO coherent pluggable transceiver modules, enabling next-generation data center interconnects (DCI) and metro/regional...


NeoPhotonics ships QSFP-DD and OSFP 400ZR coherent modules

NeoPhotonics announced the general availability of its QSFP-DD and OSFP 400ZR pluggable modules.These products utilize NeoPhotonics Silicon Photonics Coherent Optical Subassembly (COSA) and low power consumption, ultra-narrow linewidth Nano-ITLA tunable laser, combined with the latest generation of 7 nm node DSP, to provide full 400ZR transmission in a standard data center QSFP-DD or OSFP form factor that can be plugged directly into switches and...

NeoPhotonics: Pluggable 400G over 1500 km in a 75 GHz-spaced system

NeoPhotonics demonstrated its Multi-Rate CFP2-DCO coherent pluggable transceivers transmitting at a 400 Gbps data rate over a distance of 1500 km in a 75 GHz-spaced DWDM network. This 1500 km transmission demonstration was carried out on NeoPhotonics Transmission System Testbed using production modules with enhanced firmware and utilized 75 GHz spaced channels taking the adjacent channel crosstalk-induced penalty into account.  The transmission...

NeoPhotonics ships first coherent components for 800G and up

NeoPhotonics announced the first pilot shipments of Class 60 versions of its Coherent Driver-Modulator (CDM) and Intradyne Coherent Receiver (Micro-ICR) designed for the next generation of 96 GBaud and above systems supporting 800G rates.NeoPhotonics said higher symbol rates increase data capacity while maintaining superior optical signal-to-noise ratio (OSNR) and reach performance, thereby enabling the highest speed-over-distance use. These new...

NeoPhotonics: cumulative shipments of 2M lasers for coherent links

NeoPhotonics reported a significant company and industry milestone: shipment of a cumulative total of more than two million of its ultra-narrow linewidth tunable lasers since initiating shipments in 2011.NeoPhotonics began shipping narrow linewidth tunable lasers in 2011 in the Optical Internetworking Forum (OIF) standard ITLA form factor, which was approximately 3 inches long and approximately one inch wide. NeoPhotonics introduced its Micro-ITLA...

Lumentum completes acquisition of Oclaro

As expected, Lumentum closed its acquisition of Oclaro and trading in Oclaro common stock on the NASDAQ Stock Market has ceased. Under the terms of the merger agreement, Oclaro stockholders will receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum financed the cash portion of the transaction consideration with cash...

Lumentum Showcases 100G Single Lambda PAM4 EML, 400G

At this week's OFC 2018 in San Diego, Lumentum is conducting 100G single lambda and 400G FR4 demonstrations, as well as showcasing its catalog of optical modules and transceivers. Live 100G Single Lambda Demonstration: Lumentum's 100G single lambda Multi-Source Agreement (MSA) compliant QSFP28 transceiver features PAM4 higher order modulation technology to transmit 100G over a single wavelength, as well as an IEEE compliant CAUI-4 electrical interface....


Sunday, October 24, 2021

Lumentum offers 10W illuminator based on VCSEL array

Lumentum announced a 10 W flood illuminator module that incorporates a high-performance three-junction vertical-cavity surface-emitting laser (VCSEL) array for consumer and industrial 3D sensing applications.

VCSEL illuminators are increasingly being used in a variety of high-performance 3D sensing applications ranging from biometric security in mobile phones to emerging industrial and consumer AIoT (artificial intelligence of things). AIoT, the convergence of artificial intelligence and the internet of things, benefits from 3D sensing since it is dependent on capturing vast amounts of high-quality data to enable efficient artificial intelligence processing. 

Lumentum's new 10 W flood illuminator leverages the company's decades of experience in providing high performance and field-proven VCSELs to the market in high-volumes, including shipping more than one billion VCSEL arrays into 3D sensing applications. The flood illuminator is available in a compact standard surface-mount package with a built-in eye safety function. It integrates a three-junction VCSEL array, an optical diffuser, a ceramic substrate, and a photodiode, which enables closed loop control.

www.lumentum.com

Monday, September 13, 2021

II‐VI and Lumentum form SmartTuning Optics MSA

II‐VI and Lumentum are founding members of a new SmartTuning Multi-Source Agreement (MSA) that aims to standardize an interoperable self-tuning feature for full-band tunable dense wavelength division multiplexing (DWDM) pluggable optical transceivers. 

The companies say that incorporating a plug-and-play, self-tunable feature adds an extra layer of automation which further simplifies network installation and operation practices. Self-tunable DWDM pluggables eliminate the need for labeling or tracking fibers, reducing the overall operational cost for service providers. Additionally, the self-tuning functionality does not require new integration–within systems, the function can be enabled or disabled. 

"With the SmartTuning MSA, 5G mobile service providers will be able to better optimize their network architectures with easy-to-integrate, cost-effective, and automated optical networking solutions," said Justin Abbott, Lumentum Director of Product Line Management, Telecom Transmission. "This development should also accelerate the expansion of 5G network infrastructure by enabling more network automation, which results in less technician time in the field and lower ongoing network operating costs."

"The algorithms developed by the SmartTunable MSA will improve OpEx and CapEx for our end users by simplifying the deployment of their systems, reducing technician time in the field, and eliminating the need for tuning equipment,” said Dr. Lee Xu, Sr. Vice President, Transceivers Business Unit. “Our customers will greatly appreciate the efficiency and streamlined operations achieved through this standardization effort, as they ramp-up DWDM system deployments to support high speed wireline and 5G wireless broadband services.”

http://www.smarttunable-msa.org/

Thursday, June 3, 2021

Lumentum intros 400G CFP2-DCO coherent modules, PAM4 DMLs with 2 km reach for 400G+

At next week's virtual Optical Fiber Communication Conference (OFC) Lumentum will introduce new 400G CFP2-DCO coherent modules, enhanced PAM4 DMLs with 2 km reach for 400G+ applications, and expanded WSS capabilities.

The new high-performance 400G CFP2-DCO coherent transmission modules build on the company's existing its 200G CFP2-DCO coherent pluggable transceiver modules, enabling next-generation data center interconnects (DCI) and metro/regional to long-haul coherent networks at bit rates of 100G, 200G, 300G, and 400G. The new flex-coherent module supports all major industry initiatives including OpenROADM, OpenZR+, and OIF 400G ZR. It also adds numerous innovative proprietary modes when best performance is needed and cross-vendor interoperability is not. In addition, it supports L1 encryption, Link Layer Discovery Protocol, and Overhead IO channel. Currently, the 400G CFP2-DCO is shipping as beta samples with production release planned for the third quarter of 2021. To sample the 400G CFP2-DCO, contact a Lumentum representative at customer.service@lumentum.com.

High-Speed 100G PAM4 DML for up to 2 km Data Center Reach 400G+ Applications - Lumentum has enhanced its latest 100G PAM4 (53 Gbaud) directly-modulated laser (DML) to expand the usage from 500m for 100G DR and 400G DR4 and 100m for 800G PSM8 DR4, to also transmit up to 2 km for 100G FR and 400G FR4 CWDM transceiver module applications. These DMLs satisfy the needs of customers seeking lower cost and lower power consumption solutions by providing a smaller footprint with fewer components needed to operate in high-speed transceiver applications. To request beta samples of the new 100G PAM4 DML for 2 km applications, contact a Lumentum representative at customer.service@lumentum.com.

Expanded Capability for its TrueFlex wavelength selective switches (WSS) to now support all spectral bands, including C-band, L-band, and extended C-band for next-generation colorless, directionless, and contentionless (CDC) and colorless, directionless (CD) ROADM architectures. Additionally, Lumentum has reinforced their exceptional manufacturing scale with production, agility, and flexibility to rapidly respond to changes in requested build configurations and spectral bands across any of its high-performance WSS products. Lumentum's best-in-class lead on WSS delivery continues to be a critical enabler for network operators worldwide as they resume buildouts of massively-scalable and flexible high-capacity optical networks.

https://www.lumentum.com/en/media-room/news-releases/lumentum-highlight-and-present-latest-innovations-ofc-2021-virtual-event

Wednesday, March 24, 2021

II-VI maintains its existing bid for Coherent, Inc.

II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021.  II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal.


Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock for the period ending March 16, 2021, the day prior to the date II-VI submitted its current proposal.

https://ii-vi.com/ii-vi-incorporated-maintains-its-current-proposal-for-coherent/

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.Lumentum intends to finance the cash portion of the transaction through a combination of...

II-VI again raises its bid for Coherent

II-VI increased its offer to acquire Coherent Inc. to top the revised proposal from Lumentum on March 17th.Under the terms of the revised II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock, ending March 16, 2021. II-VI continues to expect...


Tuesday, March 23, 2021

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.

Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.

Lumentum intends to finance the cash portion of the transaction through a combination of cash on hand from the combined company's balance sheet, $3.25 billion in new debt financing from a fully committed Term Loan B and the previously announced $1 billion equity investment from Silver Lake.

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-2



Wednesday, March 17, 2021

Lumentum again raises its bid for Coherent to $6.9 billion

Lumentum Holdings delivered a higher acquisition offer to Coherent's Board of Directors. The new cash and stock offer is valued at $6.9 billion. 

Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum's closing stock price as of March 16, 2021, this equates to a consideration of $275.00 per Coherent share. As part of Lumentum's revised proposal, Silver Lake, the global leader in technology investing, will make a $1 billion equity investment in the combined company.

"Our Board of Directors remains steadfast in our belief that the combination of Lumentum and Coherent will create a diversified industry leader best positioned to accelerate the future of photonics," said Alan Lowe, Lumentum President and CEO. "Based on additional work, we are confident that we can meaningfully exceed our prior synergy estimates and have identified an estimated $219 million to $244 million of annual run-rate synergies. We are pleased to now pursue this combination with the support of Silver Lake, whose investment is a compelling indicator of the power of this transformative opportunity. We look forward to combining the talented teams at Coherent and Lumentum at a time when global markets are increasingly relying on photonics products and technologies."


"We are very familiar with Lumentum and Coherent and have a clear line of sight into the unique breadth of opportunity created by this combination," said Ken Hao, Chairman and Managing Partner, Silver Lake. "We believe strongly in the potential of the increased scale, expanded portfolio, and bolstered capabilities of the proposed combination and look forward to supporting Alan and the management team as investors and a member of the Board."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-0

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Friday, March 12, 2021

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Wednesday, March 3, 2021

Lumentum introduces multi-junction VCSEL arrays for sensing applications

Lumentum introduced new high-power and high-efficiency five and six junction vertical cavity surface-emitting laser (VCSEL) arrays for advanced consumer, automotive LiDAR, and other 3D sensing applications.

Lumentum's multi-junction VCSEL arrays emit at 940 nm and 905 nm and are manufactured on the same production lines as current high-volume VCSEL array products serving the consumer electronics market. The company said these new VCSEL arrays enable much lower power dissipation, very high slope efficiencies, and record-breaking optical peak powers compared with existing devices. Optical powers exceeding 2 W per individual VCSEL emitter have resulted in over 800 W of peak power from a compact one square millimeter sized VCSEL array. The peak optical power, low thermal dissipation, and small die size of these new multi-junction VCSELs arrays are important to extending their use to high performance all-solid-state medium and long-range LiDAR.

"Automotive, consumer, and industrial customers increasingly need higher performance VCSEL arrays to drive increased functionality and adoption of LiDAR and 3D sensing enabled products," said Dr. André Wong, Vice President of 3D Sensing Product Line Management. "Our latest multi-junction VCSEL arrays continue our long history of pioneering innovative optical solutions in close collaboration with customers. These new products leverage the well proven high-volume, 6-inch wafer supply that we established more than four years ago."

In addition to these new high-power VCSEL array illuminators, Lumentum also offers a wide variety of optical solutions for 3D sensing, automotive, and LiDAR applications. These include VCSEL solutions for vehicle in-cabin monitoring, high-performance Gallium Arsenide and Indium Phosphide edge-emitting laser chips for 3D sensing and LiDAR, and 1550 nm narrow-linewidth DBR diode lasers for long-range frequency-modulated continuous-wave (FMCW) coherent LiDAR.

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-five-and-six-junction-vcsel-array-products-advanced

Tuesday, February 2, 2021

Lumentum reports record revenue, strength in telecom and lasers

Lumentum Holdings reported net revenue for its fiscal second quarter of 2021 of $478.8 million, with GAAP net income of $83.2 million, or $1.06 per diluted share. Net revenue for the fiscal first quarter of 2021 was $452.4 million, with GAAP net income of $67.1 million, or $0.86 per diluted share. Net revenue for the fiscal second quarter of 2020 was $457.8 million, with GAAP net income of $49.1 million, or $0.63 per diluted share.

"Combining the positive momentum from the prior quarter, with strengthened demand in Telecom and Lasers, we achieved new record revenue and non-GAAP gross margin, operating margin, and earnings per share in the second quarter," said Alan Lowe, President and CEO. "We are well positioned to grow revenue and earnings into the future. We have developed a broad portfolio of new products that address upcoming growth catalysts, completed our exit of low margin product lines that would have been a headwind to future growth, and lowered our fixed costs to enable stronger operating leverage and profitability as we grow."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-fiscal-second-quarter-2021-financial-results

Tuesday, January 19, 2021

Lumentum to acquire Coherent for its photonics and laser expertise

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value represents a premium of 49% to Coherent's closing price on January 15, 2021.

Coherent, which was founded in 1966 and is based in Santa Clara, California, is a leading supplier of photonics and lasers used in the microelectronics, precision manufacturing, instrumentation, and aerospace & defense markets. For its most recent fiscal quarter ended January 2, 2021, Coherent has announced preliminary revenue in the range of $325 - $327 million.

Lumentum, which is based in San Jose, California, is a leading supplier of photonic solutions for the Telecom, Datacom, and 3D Sensing markets.

Lumentum said the acquisition of Coherent accelerates its penetration of the more than $10 billion market for lasers and photonics outside of the communications and 3D sensing applications. Lumentum also expects photonics "to play an increasing role in the accelerating shift to increasingly digital and virtual approaches to work and daily life, addressing climate change, new approaches to health care and monitoring, and addressing new safety and security." The combined company is expected to generate more than $150 million in annual run-rate synergies within 24 months of the closing of the transaction.

"Today's announcement is an important advancement of Lumentum's strategy," said Alan Lowe, Lumentum President and CEO. "In our five years as a standalone public company, we have focused on developing the most innovative products and technology in our industry and partnering with market leading customers to help them compete and win in their markets. As we look ahead, we are thrilled to join forces with Coherent to create one of the world's largest and most diverse photonics technology companies with leading positions in the growing market for photonics. Coherent brings one of the most recognizable and respected brands in the photonics industry and a very talented and innovative team. By increasing our scale, expanding our portfolio, and bolstering our R&D capabilities at a time when global markets are increasingly relying on photonics products and technologies, we are confident in our combined ability to pursue exciting new growth opportunities.

"We are excited about the combination of Lumentum and Coherent, two iconic brands in their respective photonics markets. We anticipate the combined complementary product portfolio, breadth of customer application knowledge, and R&D capabilities, all based on photonics, will accelerate innovation and adoption of photonics across the many markets that we serve," said Andy Mattes, Coherent President and CEO. "We are excited to bring Coherent's strength in OLED display manufacturing, semiconductor wafer inspection and life science instrumentation to Lumentum's portfolio, to name but a few of the key applications we serve, and believe Lumentum's expertise and scale in world class photonics components and systems will accelerate Coherent's vertical integration and addressable market expansion in several high growth areas, such as directed energy in defense and precision battery welding in automotive."

Lumentum also announced preliminary results for its fiscal second quarter of 2021 ended December 26, 2020. The company expects net revenue of approximately $478.8 million; GAAP operating margin in the range of 22.6% to 24.1%; and GAAP diluted net income per share in the range of $0.98 to $1.06.

http://investor.lumentum.com

Lumentum completes acquisition of Oclaro

As expected, Lumentum closed its acquisition of Oclaro and trading in Oclaro common stock on the NASDAQ Stock Market has ceased. Under the terms of the merger agreement, Oclaro stockholders received $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum financed the cash portion of the transaction consideration with cash...

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock. Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined...


Monday, December 7, 2020

Lumentum samples 100G PAM4 directly-modulated laser


Lumentum announced sampling of a new 100G PAM4 (53 Gbaud) directly-modulated laser (DML) for hyperscale data center applications. 

The newly developed 100G PAM4 DML is manufactured with Lumentum's internal wafer production capabilities. It leverages InP technology, using a cavity design to operate with the same high-bandwidth performance of an EML in 100G and 400G applications, but in a small, simple, and cost-effective footprint. The latest DML can lower the cost of 400G DR4 compared with current laser alternatives. Additionally, 800G PSM8 modules can benefit from the capabilities of the new 100G PAM4 DML, which is important as data centers transition to these modules in future top-of-rack and leaf layer applications.

The new product joins Lumentum's portfolio of laser chips that enable a wide-range of MSA-compliant transceiver modules operating at multiple data rates and wavelengths. 

"This latest advancement helps to significantly reduce the cost of 400G DR4 modules in data center infrastructures," said Walter Jankovic, Lumentum Senior Vice President and General Manager, Datacom. "The 100G PAM4 DML goes beyond servicing the current need for cost-effective and innovative InP laser solutions at mass volume by enabling future intra-data center interconnects as the industry moves to 800G."