Optics tech firm Lumentum buys Oclaro for $1.7 billion
Laser and optical fibre specialist Lumentum Holdings Inc, seen by analysts as a parts supplier for Apple’s Face ID technology, will buy optical components producer Oclaro Inc for about $1.7 billion in cash and stock. Announcing the deal on Monday, California-based Lumentum said the purchase was aimed at broadening its portfolio of laser offerings and getting an edge in a fast-developing market for 3D sensing technology. Technology sector analysts say Lumentum is the primary supplier of vertical-cavity surface-emitting lasers (VCSELs) that power the Face ID feature in Apple Inc’s premium iPhone X.
Source:: https://finance.yahoo.com/news/optics-tech-firm-lumentum-buys-104442944.html
