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) has launched the CUT12, a new 2D laser cutting head for the global flat sheet cutting market. This versatile device is compatible with fiber lasers ranging from 4 kW to 12 kW power and operates at a maximum numerical aperture of 0.15. Key features include:
- Magnification of 2.0 for high-speed, high-quality cutting
- Adjustable focal plane for varying process demands
- Single cutting head for multiple power levels, simplifying integration
- Direct EtherCAT controllability for diverse settings
- Compatibility with flange and quick exchange connectors
The CUT12 builds on Coherent's BIMO product line and is designed to work optimally with the company's EDGE series of fiber lasers, offering an unbeatable combination of cost of ownership and performance.
Coherent Corp. (NYSE: COHR) has launched the EDGE FL™ high-power fiber laser series for cutting applications in the machine tool industry. Available in power levels from 1.5 kW to 20 kW, this new platform aims to redefine the balance between value and performance in the fiber laser cutting market.
Key features of the EDGE FL series include:
- Uncompromised value with competitive pricing
- High power and flexibility
- Superior beam quality
- Energy efficiency
- Integrated cutting packages
The EDGE FL series is designed to meet the growing demand for high-power, reliable laser sources. Coherent is also launching EDGE CUT packages, integrating EDGE FL lasers with bespoke cutting heads to enhance value for machine tool integrators.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Rob Beard as the new Chief Legal and Global Affairs Officer and Corporate Secretary, effective immediately. Beard replaces retiring Chief Legal Officer Ron Basso. The company has also promoted Marie Batz Martin to Chief Compliance Officer, reporting to Beard.
Beard joins Coherent from Mastercard, where he held the same position. He previously spent nearly a decade at Micron Technology, including roles as General Counsel and Corporate Secretary. With over 20 years of experience in the technology industry, Beard's background includes significant M&A work and international policy experience.
CEO Jim Anderson expressed confidence in Beard's ability to help unlock Coherent's full potential, citing his broad experience in the semiconductor industry and expertise in business and law. Beard expressed enthusiasm about joining Coherent's innovative team across multiple high-growth markets.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced new employee inducement grants for its recently appointed Chief Financial Officer and Treasurer, Sherri R. Luther. The awards, effective from her start date on October 11, 2024, include:
1. 15,902 Restricted Stock Units (RSUs) vesting in three equal installments over three years.
2. 63,154 RSUs vesting in two equal installments over two years.
3. 118,583 Performance Stock Units (PSUs) vesting based on the company's total shareholder return (TSR) relative to the S&P Composite 1500—Electronic Equipment, Instruments & Components index from the grant date to June 30, 2027.
These grants were made as a material inducement to Ms. Luther joining the company, in accordance with NYSE Listed Company Manual Rule 303A.08.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Sherri Luther as its new Chief Financial Officer and Treasurer, effective immediately. Luther joins Coherent from Lattice Semiconductor, where she served as CFO since 2019. She previously spent 16 years at Coherent, Inc., including as Corporate Vice President of Finance.
CEO Jim Anderson expressed confidence in Luther's ability to help unlock Coherent's full potential, citing their previous work together at Lattice and her proven track record as a public company CFO. Luther brings over 30 years of strategic and financial operations experience, with expertise in various financial and operational areas.
The company thanked Rich Martucci for his leadership as Interim CFO and his continued service to ensure a smooth transition. Luther, a Certified Public Accountant with an Executive MBA from Stanford, also serves on the Board of Directors of Silicon Labs and is NACD Directorship Certified.
Coherent Corp. (NYSE: COHR), a leader in photonics solutions for the semiconductor industry, has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights Coherent's achievements in sustainability efforts as part of the KLA Supply Chain Sustainability program. The award was presented at the KLA Supplier Day event on October 8, 2024.
Chris Dorman, Executive VP of Coherent's Lasers Segment, expressed honor in receiving the award and emphasized the company's commitment to creating a positive environmental impact and strengthening supply chain resilience through responsible practices. The award underscores the importance of collaborative efforts between suppliers and partners in achieving long-term sustainability in the global supply chain.
Both Coherent and KLA's sustainability initiatives have contributed to their shared vision of reducing environmental impacts while fostering innovation and growth. This recognition reinforces Coherent's dedication to upholding high standards of corporate responsibility and sustainable practices in its operations.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced the sale of its manufacturing facility in Newton Aycliffe, UK. This strategic move is part of the company's efforts to streamline operations and optimize its global footprint. The 310,000 square feet plant, located in Aycliffe Business Park, was originally acquired by II-VI Incorporated (now Coherent Corp.) in 2017.
CEO Jim Anderson stated that the divestment allows the company to focus investment and capital on areas of greatest long-term growth and profitability. Macquarie Semiconductor and Technology acted as transaction consultant, while Taylor Wessing provided legal advice to Coherent for this sale.
Coherent Corp. (NYSE: COHR) has launched its 200 mm silicon carbide epitaxial wafers (SiC epi-wafers), with shipments of 350 micron and 500 micron thickness substrates and epi-wafers already underway. As a manufacturer of both SiC substrates and epitaxial wafers, Coherent aims to deliver exceptional quality, performance, and reliability.
The new 200 mm SiC epi-wafers feature advanced thickness and doping uniformity, supporting the production of superior SiC power semiconductors. This transition from 150 mm to 200 mm diameter wafers addresses the growing demand for SiC semiconductors in electric and hybrid vehicles, energy infrastructure, and high-power EV chargers.
The larger wafers offer a 1.8x increase in usable area, potentially enhancing productivity and reducing costs for SiC device manufacturers. The implementation of 200 mm tooling aligns with the industry's drive for greater performance and reduced operational costs.
Coherent Corp. (NYSE: COHR) has been awarded the 2024 ECOC Exhibition Industry Award for Best Product in the Data Center Innovation category for its Datacenter Lightwave Cross-Connect (DLX™) Optical Circuit Switch. This prestigious recognition highlights Coherent's leadership in developing cutting-edge technologies for optical networking, particularly for next-generation AI deployments.
The award-winning DLX™ is built on Coherent's proven digital liquid-crystal platform, offering three significant advantages:
- Lower cost
- Lower power consumption
- Lower latency
Dr. Sanjai Parthasarathi, Chief Marketing Officer, expressed the company's honor in receiving this recognition, emphasizing the innovative efforts of their team in shaping the future of optical networking technologies.
Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, will participate in multiple panels and workshops at the European Conference on Optical Communications (ECOC) 2024 in Frankfurt, Germany, from September 22-24. The company's technologies and products are utilized in communications networks across various environments, from deep oceans to earth orbit and beyond.
Coherent's industry experts will share insights, showcase market-leading technologies, and offer perspectives on the future of optical communications during the event. This participation highlights Coherent's role in shaping the optical communications industry and its commitment to innovation in this field.
FAQ
What is the current stock price of Coherent (COHR)?
What is the market cap of Coherent (COHR)?
What does Coherent Corp. specialize in?
What are the main segments Coherent operates in?
What recent innovations has Coherent introduced?
What is the significance of Coherent's 6-inch indium phosphide wafer fabrication?
How much funding did Coherent secure from the CHIPS Act?
Where can I find Coherent's latest financial results?
What is the significance of Coherent's VCSEL technology development?
Who can I contact for more information about Coherent?
Where is Coherent Corp. headquartered?
What industries does Coherent serve?
