chanelink logo
CHANELINK
Nederlands

Lumentum acquires Hong Kong optical module manufacturer Cloud Light to expand its influence in cloud data centers and network infrastructure

111
2023-11-01 14:03:26
Bekijk vertaling

On October 30th, Lumentum announced the acquisition of Hong Kong optical module manufacturer Cloud Light for $750 million (approximately RMB 5.48 billion), with the aim of expanding its influence in cloud data centers and network infrastructure.

It is understood that Cloud Light is a Hong Kong company that provides various optical product solutions, mainly focusing on designing and manufacturing advanced optical modules for automotive sensors and data center interconnection applications. In the past 12 months, almost all of the company's $200 million in revenue came from sales of 400G or higher speed transceivers.

After the announcement of the acquisition, Lumentum's stock price soared by 14%, alleviating the 22% decline earlier this year.

At present, the acquisition transaction has been approved by the board of directors and shareholders of two companies. Through the acquisition, Cloud Light's optical transceiver products will serve as a supplement to Lumentum's existing data center transceiver integration component product portfolio.

Lumentum predicts that this will give it the opportunity to expand its cloud data center business more than fivefold compared to before, expected to grow at a compound annual growth rate of over 30%, and the business scale is expected to exceed $10 billion (approximately 73.1 billion RMB) by 2028.

Last week, Microsoft announced that its cloud division's first quarter performance exceeded Wall Street expectations, highlighting the strong demand for cloud computing and artificial intelligence in the industry.

Source: Sohu

Gerelateerde aanbevelingen

  • Laser gyroscopes measure small changes in daytime length on Earth

    Recently, scientists used laser gyroscopes to measure that the change in Earth's rotational speed is less than one millionth. This technology can help scientists understand the complex flow of water and air, which can cause the smallest adjustments to the Earth's rotation.The Earth's rotation is not completely stable. Planets accelerate or slow down as they rotate, slightly shortening or prolongin...

    2023-09-19
    Bekijk vertaling

  • Leading listed laser company Novanta moves to new location

    Recently, Novanta, a pioneer in advanced laser and optical subsystems for medical and industrial applications, announced that the company will relocate from its original official address (Emery Court in Stockport, UK) to a state-of-the-art 70000 square foot factory facility in nearby Orion Business Park. Its business capabilities will also be expanded fourfold to serve an expanding team and custom...

    2024-08-08
    Bekijk vertaling

  • French research team successfully develops new orange laser

    A research team in France has reported a novel laser that emits light in the orange region of the spectrum, indicating its potential applications in flow cytometry and astronomical laser guidance.In the research results just published in Optics Express, the team (including researchers from the É cole Polytechnique in Caen, France and Oxxius, a laser manufacturer based in Lannion) claimed that the ...

    03-04
    Bekijk vertaling

  • What is field assisted additive manufacturing?

    Dr. Tan Chaolin from the Singapore Institute of Manufacturing Technology, in collaboration with China University of Petroleum, Shanghai Jiao Tong University, Princeton University, University of Malta, Huazhong University of Science and Technology (Professor Zhang Haiou), University of California, Irvine, Hunan University, and EPM Consulting, published an article titled "Review on Field Assisted Me...

    2024-07-29
    Bekijk vertaling

  • Visual platforms bring new perspectives to optical research

    The advanced testing platform of Liquid Instruments is now available for Apple Vision Pro, providing optical researchers with the first interactive 3D testing system. By integrating the Moku system with camera based visual devices, the efficiency of the laboratory has been significantly improved.The Moku platform utilizes the processing power of field programmable gate arrays (FPGAs) to provide a ...

    2024-05-23
    Bekijk vertaling