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.
PITTSBURGH, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR) will host a webcast analyst briefing on Feb. 1 at 11:00 a.m. ET, highlighting opportunities in the display manufacturing and life sciences sectors. The briefing will feature leaders including Dr. Vincent D. Mattera, Jr., and will conclude with a Q&A session. Investors can access the live webcast through the Investor Relations section of Coherent’s website, with a replay available afterward. Coherent, headquartered in Saxonburg, Pennsylvania, focuses on innovative technologies across various markets.
Coherent Corp. (Nasdaq: COHR) announced the launch of its new HyperRapid NXT industrial picosecond laser, featuring 10 W of average power in deep-ultraviolet (DUV). This innovative laser allows for ultraprecise edge ablation around OLED displays, enhancing the active area and supporting the move toward bezel-free devices. Key to this product are proprietary crystals that enable the laser to maintain high performance in continuous manufacturing. This laser technology is projected to significantly reduce costs and improve profitability, possibly adding hundreds of millions in value over its lifecycle.
Coherent Corp. (Nasdaq: COHR) has launched the new Monaco infrared femtosecond laser configuration, offering 150 W of output power, designed for cutting large OLED display glass. This innovation addresses the increasing demand for high-output lasers as OLED technology expands into IT devices like tablets and laptops. The Monaco 1035-150-150 delivers over double the power and pulse energy compared to existing models, enhancing production efficiency of large glass panels. It is the smallest femtosecond laser available, easily integrated into manufacturing systems, and ideal for processing brittle materials up to 2 mm thick. Coherent will showcase this technology at Photonics West from Jan. 28 to Feb. 2.
Coherent Corp. (Nasdaq: COHR) announced the appointment of Dr. Beck Mason as Executive Vice President, Telecommunications, effective January 12, 2023. Dr. Mason will oversee the Telecommunications Business Unit, focusing on the technology vision and strategic investments for Coherent's telecom product offerings. With a robust portfolio that includes advanced optical communications products, Dr. Mason brings extensive experience from his previous roles at Lumentum and other leading tech firms. This leadership change aims to drive growth in the telecom sector and enhance Coherent's market position in communications.
Coherent Corp. (Nasdaq: COHR) announced the launch of its new 905 nm triple-junction edge-emitting semiconductor lasers designed for LiDAR applications in industrial sectors. These lasers can emit up to 100 W of optical power, meeting the rigorous JEDEC JESD22-A10x standard. The new technology aims to enhance manufacturing efficiency through existing 6-inch gallium arsenide platforms. Applications encompass warehouse logistics, autonomous robots, and more. Coherent plans to showcase its solutions at the upcoming BiOS and Photonics West events in San Francisco.
Coherent Corp. (Nasdaq: COHR) has launched a new product line of diffractive optical elements (DOEs) designed for high-power industrial lasers. These innovations aim to reduce the cost of ownership and enhance the efficiency of laser applications, including welding and cutting. Utilizing proprietary nanoimprint technology, Coherent ensures high optical efficiency and reliability in kilowatt-class lasers. The DOE technology is expected to tap into a market projected to exceed $1 billion. Coherent plans to showcase these advancements at BiOS and Photonics West in San Francisco from Jan. 28 to Feb. 2.
Coherent Corp. (Nasdaq: COHR), a leader in materials and laser technologies, will present at the 25th Annual Needham Growth Conference on January 12, 2023, at 10:15 a.m. ET. The presentation will be led by Mary Jane Raymond, Chief Financial Officer. Investors can access a real-time audio webcast through the Investor Relations section on Coherent's website, with a replay available post-event. Coherent is headquartered in Saxonburg, Pennsylvania, and specializes in delivering innovative technologies across various industries.
Coherent Corp. (Nasdaq: COHR) has signed a memorandum of understanding with two leading Korean institutions, ETRI and KAIST, to collaborate on advanced electronic and photonic devices, specifically aimed at the Korean market. This partnership aligns with the Korea-US Industrial Cooperation Forum, fostering mutual collaboration with backing from both U.S. and Korean governmental entities. The focus will be on leveraging technologies such as silicon carbide and gallium arsenide for applications in electric vehicles and industrial sectors.
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