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15 May 24
Job cuts at Luminar as lidar firms look to conserve cash

Latest round of quarterly financial results highlight efforts to reduce cash burn and sensors hitting the road.

14 May 24
Photonics division drives profits higher at Jenoptik

Strong sales growth in Europe but order intake slips on weaker demand across several markets.

14 May 24
Focuslight snaps up ams Osram passive optics division

€45M deal with fast-growing Chinese buyer forms part of wider strategic reset.

09 May 24
Flat optics firm NIL Technology raises €29 M to scale manufacturing

Investors include Export & Investment Fund Denmark, Jolt Capital, NGP Capital, and Swisscanto.

09 May 24
Lumentum reports its Q3 2024 financial results

Operating loss widens despite strong data center demand; stock rises 9% following announcement.

08 May 24
Denmark authorities clear Hamamatsu acquisition of NKT Photonics

Two years after it was first agreed - and a year since it was initially blocked - the deal is set for completion.

08 May 24
Cognex reports positive Q1 sales results despite customer reluctance

Sales beat guidance in “challenging but stable” environment; firm predicts further growth.

08 May 24
Cautious Coherent sees OLED display traction

Slower-than-expected recovery in telecom and other key markets remains offset by continued strength in AI-driven datacoms.

07 May 24
Defense demand to drive nLight recovery

Additional $1.2BN funding for Israel's laser-based ‘Iron Beam’ system adds to momentum in directed energy weapons.

01 May 24
Loan deferment gives Mauna Kea more breathing space

Developer of 'Cellvizio' endomicroscopy platform restructures repayment terms; opens lung cancer diagnostics center in France.

01 May 24
IPG appoints Mark Gitin as new CEO

Executive brings decades of experience from MKS Instruments and Coherent to the fiber laser company.

30 Apr 24
ams Osram firms up microLED exit plan

Component maker highlights design wins elsewhere as potential buyers signal interest in Kulim facility.

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