SAN JOSE, Calif., Aug. 15, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") today announced that it has acquired IPG Photonics' (NASDAQ: IPGP) telecom transmission product lines in an all-cash transaction.   "I am very excited to add such highly complementary and differentiated transceiver product lines and ASIC capabilities, which help to expand our addressable market and augment our technology capabilities," said Dr. Beck Mason, SVP and General Manager, Tel...

Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has recently completed installation of a GEN2000® Edge™ Molecular Beam Epitaxy (MBE) System at IPG Photonics Corporation. The system was delivered to further expand their production of high-quality GaAs-based lasers. This order follows IPG’s prior purchases of three Veeco GEN200® Systems. Dr. Alex Ovtchinnikov, Vice President-Components for IPG, stated, “We have been very pleased with the cost of ownership advantages and the unsurpassed performance of our p...