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Business News
28 Feb 24
Luminar hopeful of Volvo boost by mid-2024

Automotive lidar firm expects delayed launch of EX90 car to serve as 'major inflexion point'.

28 Feb 24
Tower Semiconductor ready to ramp Scintil's laser-integrated PICs

Grenoble firm says 'pivotal' milestone reinforces its supply chain amid growing demand driven by AI and 5G requirements.

27 Feb 24
Aktiia lands $30M to scale optical blood pressure wristband monitors

Swiss firm secures backing from group including Redalpine and Khosla Ventures.

23 Feb 24
nLight tempers 2024 growth expectations

High-power fiber and diode laser firm has won more than $200 million in recent defense-related business.

21 Feb 24
‘Chuck’ Mattera to retire as CEO of Coherent

Board commences executive search; company reaffirms fiscal 2024 guidance.

21 Feb 24
DustPhotonics to ramp 800G silicon photonics chip

Latest $24 million investment by venture backers will support scaling of 'Carmel' products.

21 Feb 24
Precision Optics picks out target applications in defense sector

US firm sees fast-growing opportunities emerging in drones, laser weapons, and satellite communications.

15 Feb 24
Amazec Photonics secures €1.5 million Seed Round from Photon Delta

To develop new generation of circulatory and heart failure detection technology.

15 Feb 24
Cognex profits shrink in 'challenging but stable' market

Machine vision firm posts sharp contraction in earnings in its latest financial year.

14 Feb 24
Teledyne snaps up Adimec

Eindhoven-based maker of industrial cameras set to become latest addition to Teledyne's sprawling portfolio of imaging brands.

13 Feb 24
IPG hopeful of second-half recovery after weak start to 2024

Fiber laser pioneer says that some major customers have delayed orders amid 'challenging' market conditions.

08 Feb 24
Lumentum to ramp transceiver production in Bangkok

Photonics company says 'skyrocketing' bandwidth demands of AI data centers is behind strategic investment.

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