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Business News
01 May 24
IPG appoints Mark Gitin as new CEO

Executive brings decades of experience from MKS Instruments and Coherent to the fiber laser company.

30 Apr 24
ams Osram firms up microLED exit plan

Component maker highlights design wins elsewhere as potential buyers signal interest in Kulim facility.

25 Apr 24
Teledyne drops on machine vision slowdown

Stock price down as digital imaging division reports 30% decline in industrial machine vision sales.

24 Apr 24
Luminar moves up a gear with Volvo production start

Lidar firm also reveals details of new ultra-compact 'Halo' platform, and results of safety study by insurance giant Swiss Re.

23 Apr 24
Ultrafast laser specialist Lithium lands €2M

Italian startup says its 'gigahertz-burst' source is also the lightest on the market for industrial micromachining.

17 Apr 24
ASML still confident of industry uptick despite dip in orders

Lithography giant sees its stock price fall from recent record high but remains confident of 2024 recovery and strong 2025.

17 Apr 24
PhotonVentures fund rises to €75M

Dutch venture capital group adds €15M to existing pot; targets €100M by end of 2024.

10 Apr 24
Cars and wearables poised to drive thermal imaging market

Analyst report suggests new applications will help propel steady growth towards a $9BN market in 2029.

10 Apr 24
Private equity group agrees $19M acquisition of Inrad Optics

Luxium partnership says new owners will accelerate investment into large-format optical components and more.

09 Apr 24
Nuburu grabs $3M lifeline

Blue industrial laser firm wins purchase order for EV battery production; BluGlass adds funding for GaN laser diode production.

04 Apr 24
Stemmer Imaging expands with US distributor

Acquisition of New York's Phase 1 Technology meets customer demand for a physical presence in North America.

03 Apr 24
ViaLase wins $40M to advance femtosecond laser for glaucoma

Californian company founded by ophthalmology laser pioneer Tibor Juhasz backed in series C funding round.

 
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