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Coherent was founded in May 1966 by physicist James Hobart and five cofounders. It went public in 1970. Over time, Coherent acquired other laser businesses and expanded to lasers for different industries and applications. From 2004 to 2021, it grew from $400 million to almost $2 billion in revenues, in part through a series of acquisitions.
Coherent Corp. (formerly II-VI Incorporated) is an American manufacturer of optical materials and semiconductors. As of 2023, the company had 26,622 employees. Their stock is listed at the New York Stock Exchange under the ticker symbol COHR. In 2022, II-VI acquired laser manufacturer Coherent, Inc., and adopted its name. [3] [4]
COHR earnings call for the period ending September 30, 2024.
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Apple Inc. announced a new partnership with Finisar in December 2017. [8] The planned investment of $390 million will support Finisar's increase production of its R&D spending and high-volume production of vertical-cavity surface-emitting lasers that power some of Apple's features such as the Face ID. [9]
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On March 26, 2012, Oclaro, Inc. announced the acquisition of Opnext. The merger between Oclaro and Opnext was approved by shareholders of both companies on July 23, 2012. [10] On September 12, 2013, Oclaro, Inc. announced the sale of their Gallium-Arsenide (GaAs) laser diode business in Zurich to II-VI Incorporated (now Coherent) for $115M. As ...
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