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Business News
11 May 21
Velodyne, Ouster post losses as VCs back lidar challenger Innovusion

Crowded market for automotive lidar still awaiting take-off; Innovusion attracts $64M in series B round.

10 May 21
Jenoptik wins $64M of automation and traffic orders in North America

Robotic manufacturing control and road safety system contracts in the US and Canada announced in first quarter of 2021.

06 May 21
II-VI optimistic as Apple backs further VCSEL expansion and development

Up to $410M from iPhone maker’s ‘Advanced Manufacturing Fund’ to boost production capacity and performance.

06 May 21
Eikon Therapeutics closes $148M financing to develop super-resolution microscopy

California-based firm to integrate advanced optics, machine learning with biochemistry; its target application is drug discovery.

05 May 21
Salvo Technologies acquires Kreischer Optics

Acquisition expands company’s offering to customers, adding complementary optical fabrication capabilities.

05 May 21
Silicon photonics helps Fabrinet to another record quarter

Optical packaging specialist posts best-ever sales and income figures, with further growth expected.

04 May 21
Gapontsev steps down from CEO role as IPG’s sales rebound

Company founder moves to executive chairman role and will oversee research efforts as Eugene Scherbakov becomes new CEO.

29 Apr 21
Teledyne bullish on imaging trends as FLIR integration awaits

Industrial technology firm’s imaging business set for significant expansion, assuming shareholders approve the deal next month.

28 Apr 21
MKS Instruments hits billion-dollar run-rate with photonics sales

Advanced manufacturing equipment vendor reports 25% jump in photonics revenues in latest quarter.

21 Apr 21
Disease diagnostics firm spins out from Southampton’s Zepler Institute

Highfield Diagnostics’ approach, expected to “transform lateral flow testing”, has secured initial funding.

21 Apr 21
ASML sees demand surge amid chip shortage

Semiconductor equipment giant says that EUV lithography systems accounted for half of new bookings in latest quarter.

20 Apr 21
QLM lands £3M seed fund for quantum lidar gas imaging

University of Bristol spin-out initially targeting methane emissions with single-photon camera sensors.

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