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A major investment! Lumentum completes acquisition of research and development site in Carswell, UK

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2023-09-13 14:34:31
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Lumentum, a leading designer and manufacturer of innovative optical and photonic products, has announced that it has completed the acquisition of a site in Caswell, UK.

Lumentum revealed that it has made significant investments in the site over the past two years and is currently undergoing development upgrades for its state-of-the-art cleanrooms and laboratories to continue to support the development of new products.

Caswell has been at the heart of the UK's semiconductor and industrial technology innovation for decades. Lumentum said it was excited to establish a broader presence in the region.

(Screenshot from: Lumentum official website)

Lumentum, headquartered in SAN Jose, California, is a market-leading manufacturer of fiber, optical and photonic products that produce and sell fiber related products to global fiber networks and commercial laser customers. Its product development, sales and production are distributed in Europe, the United States, Japan, Thailand and China and other countries and regions, roughly distributed as follows:

(Screenshot from: Lumentum official website)

Lumentum's global manufacturing model and product vertical integration strategy provide customers with more flexible and faster service. Among them, manufacturing combines two modes of independent production and outsourcing, distributed in China, Malaysia and Thailand; Research and development, wafer manufacturing, sales and customer service are located in the United States, the United Kingdom, Italy and Japan.

Lumentum recently announced the latest financial results, the fourth quarter of fiscal 2023 to achieve net revenue of $371 million, down 12%. Among them, the optical communication business revenue was 321 million US dollars (87.8%), and the laser business revenue was 50.3 million US dollars (about 12.2%). For the full fiscal year 2023, Lumentum reported revenue of $1.767 billion, an increase of 3.2% over the same period last year. Among them, optical communication business revenue of 1.557 billion US dollars, an increase of 2.6%; Laser revenue was $209 million, up 7.8% year-over-year.

"With intergenerational upgrades to the network backbone and increased customer activity in data center AI, we expect year-over-year growth in telecommunications and data communications through 2024," said Alan Lowe, president and CEO of Lumentum.

About Lumentum

Lumentum is a market-leading designer and manufacturer of innovative optical and photonic products that improve optical networks and laser applications worldwide. Lumentum optical components and subsystems have infiltrated and become part of almost every type of telecommunications, enterprise and data center network. Lumentum lasers support advanced manufacturing technologies and multiple applications, including next-generation 3D sensing capabilities.

Source: OFweek

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