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18 Jul 11
Philips looks to LEDs to restore lighting profits

As margins are hit by weak economies and high materials prices, Philips revises down its growth expectations for the lighting market.

18 Jul 11
Upbeat IQE expects strong finish to 2011

Manufacturer of advanced semiconductor wafers for optoelectronic and RF applications sees VCSEL demand boost revenues.

15 Jul 11
OCT firm Michelson Diagnostics sets up US subsidiary

UK-based imaging company specializes in optical coherence tomography (OCT) equipment currently in clinical trials in the US.

15 Jul 11
Hoya sells Pentax imaging business to Ricoh

Unit will form key part of Ricoh's strategy to establish a consumer optics business.

13 Jul 11
Chip makers pause for thought over 2012 demand

ASML, the dominant supplier of lithography tools to the semiconductor industry, is still breaking sales records but seeing orders slow.

12 Jul 11
Halma picks up Avo Photonics in $9M cash deal

London-listed owner of Ocean Optics and Labsphere buys the contract manufacturer from its venture owners and employees.

12 Jul 11
Semicon tool market to remain strong as PV slumps

Demand for semiconductor wafer processing equipment will dip only slightly in 2012, while PV tool spending will crash by half, say analysts.

12 Jul 11
Northrop Grumman leads $15M Daylight investment

The US defense contractor takes a share in the developer of quantum cascade laser technologies following a series C financing round.

08 Jul 11
SemiLEDs slips further after latest revenue miss

Impacted by a slow market in Asia and even worse results than it had forecast, the LED maker sees its valuation drop once again.

08 Jul 11
Updated: Newport to acquire Ophir Optronics

Another consolidatory step in the photonics industry, as Newport agrees a $230M cash purchase of the Israeli metrology and instrumentation firm.

08 Jul 11
$18.5M investment for instant-focus lens developer

Norway-based poLight's series B round, led by the Norwegian government's Investinor fund, could be extended by $6M later this year.

07 Jul 11
UK photonics stocks show sharp first-half gains

Survey of publicly listed photonics companies highlights stellar performance by e2v, Renishaw and Andor since the start of the year.

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