On May 3, 2023, it was reported that Apple had divided its VCSEL chip orders between three suppliers: Lumentum, II-VI, and Sony. Industry sources stated that the orders were more evenly distributed among the suppliers. VCSELs are vertical-cavity surface-emitting lasers that are used to power various features on Apple devices, including Face ID, Memoji, Animoji, and Portrait mode selfies. Lumentum remains the largest producer of VCSELs for Apple, with 68% of the market in 2020. However, II-VI has also become a major supplier for Apple and has incr...

II‐VI Incorporated (Nasdaq: IIVI), a leader in semiconductor lasers, and Artilux, a leader in germanium silicon (GeSi) photonics and CMOS SWIR sensing technology, today announced a joint demonstration of a next-generation 3D camera with much longer range and higher image resolution to greatly enhances user experience in the metaverse. Investments in the metaverse infrastructure are accelerating and driving the demand for sensors that enable more realistic and immersive virtual experiences. II-VI and Artilux combined their proprietary technologies in indium pho...

The combined company will be named Coherent and will trade under the ticker symbol COHR on the Nasdaq stock market on a date soon to be announced.   PITTSBURGH and SANTA CLARA, CALIF., July 1, 2022 (GLOBE NEWSWIRE) – II‐VI Incorporated (Nasdaq: IIVI) today successfully completed the acquisition of Coherent, Inc. (Nasdaq: COHR), forming a global leader in materials, networking, and lasers.   Under the terms of the merger agreement, each share of Coherent common stock was converted into the righ...

Quarterly Revenue of $728.1 million Quarterly GAAP Operating Income of $101.1 million Quarterly Non-GAAP Operating Income of $138.9 million Quarterly GAAP EPS of $0.38 Quarterly Non-GAAP EPS of $0.84 September 30, 2020 net debt leverage ratio was 1.3x, reduced from 3.8x at June 30, 20201 II-VI Incorporated (Nasdaq:IIVI) ("II-VI," “We” or the "Company") today reported results for its fiscal 2021 first quarter ended September 30, 2020. “We delivered many highlights in the...

LITE-ON Technology Corporation, a global leader in optoelectronic components and II‐VI Incorporated, a leader in semiconductor lasers, have announced a partnership on the volume manufacturing and commercialization of packaged semiconductor lasers for mass-market light detection and ranging (LiDAR). LEDinside was honored to have an exclusive interview with Sander Su, Associate Vice President, OPS SBG, LITE-ON Technology Corporation, to share the LiDAR market prospective and market strategies. (Sander Su, Associate Vice President, LITE-O...

Epiwafer producer IQE and optoelectronic components maker II-VI have report orders and growth driven by demands for sensing and communication technology. UK-based wafer product supplier IQE announced that has received the first mass production order for its recently constructed Newport Mega Foundry from its VCSEL customer. Optical components manufacturer II-VI reported its Fiscal 3Q19 results with strong demands for communications products. IQE reported that it has achieved full product qualification with its existing VCSEL client and is processing furt...

II-VI announced that its acquisition of Finisar, the optical communications solutions provider and an Apple supplier, has been approved by shareholders of both companies, bringing the merge of the two firms a step forward. In November 2018, the optoelectronic component manufacturer II-VI revealed that it is acquiring Finisar with a deal worth US$3.2 billion cash and stock. The companies now announced that the merger agreement received supports by their shareholders respectively. 97% of the shares of II-VI common stock voting at II-VI’s special meeting voted...

Optical components manufacturers II‐VI introduced its 56 Gb/s PAM4 VCSEL arrays for 400 gigabit Ethernet (GbE) short reach transceivers and active optical cables (AOCs) deployed in datacenters. The availability of Ethernet equipment with greater than 12 Tb/s of switching capacity enables hyperscale datacenters to accelerate the migration from 100 to 400 GbE transmission. II-VI’s 8-element VCSEL arrays can be modulated at 56 Gb/s using 4-level pulse amplitude modulation (PAM4) to achieve a combined 400 Gb/s over short reach multimode links. ...

Optoelectronic component producer II-VI Inc. announced on November 9th that it is going to acquire Finisar, the supplier of optical communication products for Apple with a deal worth US$3.2 billion cash and stock.

ANADIGICS announced that, on January 15, 2016, it entered into a definitive agreement and plan of merger pursuant to which II-VI Incorporated ("II-VI") has offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.66 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "II-VI Merger Agreement").  The offer price in the II-VI Merger Agreement constitutes an increase of $0.31 per share over the November 11, 2015 agreement and plan of merger pursuant to which affiliates of GaAs Labs, LLC offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35 per share net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement").  On January 12, 2016, the Company announced that the $0.66 per-share offer from II-VI (an "Excluded Party," as defined in the GaAs Labs Merger Agreement, and referred to in the Company's January 12, 2016 announcement as "Party A") had been determined by the Company's Board of Directors to constitute a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement.