Welcome to our dedicated page for Coherent news (Ticker: COHR), a resource for investors and traders seeking the latest updates and insights on Coherent stock.
Coherent Corp. (NYSE: COHR) is a global leader in materials, networking, and lasers, renowned for its innovative contributions across multiple industries. Headquartered in Saxonburg, Pennsylvania, Coherent specializes in engineered materials and optoelectronic components, serving sectors such as industrial, optical communications, military, semiconductor, consumer, and life sciences applications.
Coherent operates through two main segments: Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems, while the Compound Semiconductors Segment is noted for its market leadership in differentiated materials and devices.
Recent achievements include the demonstration of an 800 Gbps coherent transceiver module in QSFP-DD form factor, showcased at OFC 2024. This module features Coherent's 140 Gbaud IC-TROSA optical subassembly, offering high-efficiency indium phosphide modulators and proprietary embedded wavelength-tunable lasers, extending transmission distances up to 1000 km at 800 Gbps.
Additionally, Coherent has been pioneering advancements in VCSEL technology, enabling bandwidth improvements for next-generation optical interconnects. These developments are pivotal for data centers and AI networks, potentially achieving 200 Gbps per lane and optical transceivers with 1.6 Tbps capacity.
Coherent's commitment to innovation is further exemplified by its 6-inch indium phosphide wafer fabrication capability in its U.S. and European fabs, increasing production capacity and reducing die costs for InP optoelectronic devices used in a variety of applications from communications to advanced sensing.
In alignment with its ongoing innovation, Coherent has secured $15 million in funding from the CHIPS Act to accelerate the commercialization of wide- and ultrawide-bandgap semiconductors, enhancing the efficiency of electric vehicles, power grids, and data centers.
Financially, Coherent has demonstrated robust performance, with its Q3 FY2024 results available in a detailed shareholder letter on the Investor Relations section of its website. This format aims to provide greater insight into the company’s operations and future outlook.
For more information about Coherent and its groundbreaking technologies, visit coherent.com.
Coherent Corp. (NYSE: COHR) announced significant advancements in sustainability, achieving over 50% of its global electricity needs from renewable sources. The company powers more than 80% of its facilities worldwide with renewable electricity, totaling over 500 million kWh annually and avoiding 85,000 metric tons of CO2 emissions. Notably, all European facilities run on 100% renewable power, and key sites in China are transitioning to the same. Coherent is committed to enhancing energy efficiency, with projects aimed at saving 15 million kWh this year. Additionally, efforts are underway to eliminate fossil fuel usage entirely, highlighted by a 50% reduction in fuel oil consumption at its Zurich facility, targeting complete elimination by 2025.
Coherent Corp. (NYSE: COHR) has successfully progressed to Phase 2 of its lithium-sulfur (Li-S) battery development, awarded by the U.S. Intelligence Advanced Research Projects Activity (IARPA). This follows a successful Phase 1 completion in October 2021. The RESILIENCE program aims to enhance energy densities by up to 2x and extend calendar life by 10x compared to commercial batteries. Coherent's proprietary technology focuses on high-energy-density sulfur cathodes, achieving up to 450 Wh/kg in Phase 2. This development targets applications in vehicles, renewable energy storage, and consumer electronics. The technology incorporates cobalt-free materials and allows for rapid charging and discharging, indicating significant advancements in battery performance and sustainability.
Coherent Corp. (NYSE: COHR) announced an innovative module architecture for ultracompact optical sensing, utilizing backside-emitting VCSEL arrays. This technology addresses the rising demand for compact optoelectronic subassemblies in consumer electronics, enabling high-performance functionality like pattern projection and flood illumination. The patented design, featuring a flip-chip assembly, enhances sensor accuracy by minimizing parasitic inductance. Key advancements include improved depth resolution and optical integration, with a focus on dynamic scene illumination. Coherent's patent portfolio includes U.S. patent 11,189,985 B2.
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