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28 May 24
Zeiss sets up new photonics unit

‘Photonics and optics’ business division will employ close to 900 people and have annual revenues of €200M.

23 May 24
Obsidian Sensors partnership to make high-res thermal imagers for cars

San Diego firm sees opportunity following National Highway Traffic Safety Administration ruling.

22 May 24
EV delays hit Hesai's 2024 sales forecast

Chinese lidar company cuts annual revenue expectations by around $50M as customer Li Auto delays launch.

21 May 24
Semiconductor demand drives double-digit growth at Zeiss

Sales revenues up another 10%, despite what CEO called a challenging market environment.

15 May 24
Job cuts at Luminar as lidar firms look to conserve cash

Latest round of quarterly financial results highlight efforts to reduce cash burn and sensors hitting the road.

14 May 24
Photonics division drives profits higher at Jenoptik

Strong sales growth in Europe but order intake slips on weaker demand across several markets.

14 May 24
Focuslight snaps up ams Osram passive optics division

€45M deal with fast-growing Chinese buyer forms part of wider strategic reset.

09 May 24
Lumentum reports its Q3 2024 financial results

Operating loss widens despite strong data center demand; stock rises 9% following announcement.

09 May 24
Flat optics firm NIL Technology raises €29 M to scale manufacturing

Investors include Export & Investment Fund Denmark, Jolt Capital, NGP Capital, and Swisscanto.

08 May 24
Denmark authorities clear Hamamatsu acquisition of NKT Photonics

Two years after it was first agreed - and a year since it was initially blocked - the deal is set for completion.

08 May 24
Cognex reports positive Q1 sales results despite customer reluctance

Sales beat guidance in “challenging but stable” environment; firm predicts further growth.

08 May 24
Cautious Coherent sees OLED display traction

Slower-than-expected recovery in telecom and other key markets remains offset by continued strength in AI-driven datacoms.

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