Lumentum Holdings Inc. ("Lumentum") (Nasdaq: LITE) and TriLumina Corporation ("TriLumina") today announced that Lumentum has acquired certain technology assets of TriLumina, including its patents and other intellectual property. TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays for use in a wide range of applications, including 3D sensing, automotive safety and driver assistance systems and LiDAR, and other emerging applications. Terms of the transaction were not disclosed. (sourse:PRNewswire)...

Sales of $9.1 billion decreased 2%, compared to 4% lower global light vehicle production Recorded non-cash impairment charges of $200 million after income taxes and loss attributable to non-controlling interests related to our investment in an equity accounted transmissions joint venture Diluted earnings per share of $1.35, compared to diluted loss per share of $0.75 in the third quarter of 2019 Adjusted diluted earnings per share of $1.95, 38% higher than the third quarter of 2019 Cash from operating activities of $1.6 billion, compared to $750 million in the thir...

Osram masters corona year 2020 well - Osram's Managing Board keeps operating margin stable in fiscal 2019/ 2020 - Comparable sales fell by 13.8 percent - Free cash flow positive at twelve million euros - Management confirms outlook for 2021   Osram has come through the Year of Corona well thanks to efficient management. "We acted early and consistently. We have protected both our employees and our production. This has paid off. Our free cash flow was positive in the last fiscal year at twelve million euros. We are particularly proud of this,&q...

Quarterly Revenue of $728.1 million Quarterly GAAP Operating Income of $101.1 million Quarterly Non-GAAP Operating Income of $138.9 million Quarterly GAAP EPS of $0.38 Quarterly Non-GAAP EPS of $0.84 September 30, 2020 net debt leverage ratio was 1.3x, reduced from 3.8x at June 30, 20201 II-VI Incorporated (Nasdaq:IIVI) ("II-VI," “We” or the "Company") today reported results for its fiscal 2021 first quarter ended September 30, 2020. “We delivered many highlights in the...

Completed business combination with Graf Industrial Corp. on September 29, 2020, and started trading on Nasdaq Grew revenue 137% year-over-year to $32.1 million Signed six (6) multi-year agreements during the quarter and now count 24 total contracts Initiated commercial shipments of Velarrays – our next-generation, compact lidar product with best-in-class range and resolution Finished the quarter with $298 million of cash Continued to build upon #1 position in lidar as evidenced by our shipment of 47,500 sensors to date for cumulative revenue of ov...

Samco, a leading manufacturer of plasma processing equipment for the compound semiconductor industry, announced that KONKA Group Co., Ltd. based in Shenzhen, China had installed multiple Samco systems for the production of MicroLEDs. Konka Group Co., Ltd. is a leading Chinese electronics manufacturer focused on creating high performance, high-value digital home entertainment products. Key product categories include televisions, appliances, AIOT, mobile and wireless communications. Samco is a leading plasma processing company in the field of wide bandgap (W...

Continental signs agreement for minority stake in lidar pioneer AEye Both companies are jointly developing high-performance long-range lidar Application for advanced and fully automated driving of passenger cars and commercial vehicles Volume production is to launch in late 2024 First on the market: Continental will be the first supplier to put close-range lidar technology without moving parts into production in late 2020 Hanover, Germany / Santa Barbara / Dublin, CA, USA, October 27, 2020. Continental is consolidating its leadership position in the ...

Increased proportion of high value-added products such as Violeds, an optimal solution for virus protection, profit margins continue to rise through cost innovation Thin and small WICOP, a core technology for Mini and Micro LED to further expand into automotive and LED backlight business Seoul Viosys leading the 2nd generation LED technology, its World’s first products settled as the industry standard Seoul Viosys Co., Ltd. (“Seoul”) (KOSDAQ 092190), a leading compound semiconductor solution provider, today announced financi...

Veeco Instruments has announced financial results for its third quarter ended September 30, 2020. Revenues were $112.1 million, compared with $109.0 million in the same period last year. GAAP net income was $0.6 million, or $0.01 per diluted share, compared with a loss of $11.8 million, or $0.25 loss per diluted share in the same period last year Non-GAAP net income was $11.0 million, or $0.22 per diluted share, compared with $2.6 million, or $0.05 per diluted share in the same period last year. “I am proud of the Veeco team for achieving another quarter of so...

Veeco Instruments has announced that Osram Opto Semiconductors has qualified Veeco's Lumina MOCVD System for production of high-end LEDs and to drive the next generation of advanced photonic devices. Being at the forefront of next generation advanced photonic technologies that require innovation and redefine the limits of the technology is at the core of Osram,” stated Lothar Mergili, COO of Osram Opto Semiconductors. “The Lumina system has proven to set new standards in terms of productivity that will meet and exceed market requirements. Veec...

Cree, Inc. (Nasdaq: CREE) announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to US$ 300 million, including fixed upfront and deferred payments and contingent consideration. Mark Adams, President and CEO of SMART Global Holdings has discussed their acquisition of Cree LED. Adams indicated that he was the former CEO at Lumileds and during his time there they started down the path looking at Cree. Cree is a...

Upon closing, creates a pure-play global semiconductor powerhouse focused on providing disruptive technology solutions to high-growth segments including EV, 5G and industrial applications Transaction represents a key milestone in Cree’s transformation to focus on silicon carbide and gallium nitride devices, as well as materials Consideration includes $50 million upfront payment; $125 million seller note and up to $125 million earn-out DURHAM, N.C. – Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agree...

Taiwanese automotive LED module manufacturer Laster Tech announced its September 2020 operating results. Due to the strong shipment of automotive LED modules, its September revenue was NTD 454 million, up 24.19% MoM and 50.84% YoY. The consolidated revenue in 3Q20 was NTD 1.246 billion, up 25.34% YoY, a record high quarterly revenue for the same period in history. According to Laster Tech, the company's September revenue grew month-on-month and year-on-year despite the appreciation of the NTD exchange rate, benefiting from the increased demand from majo...

Company closes first of 3 tranches in Series D round. Backing will be used to complete product development near Grenoble and create a new display manufacturing facility based on Aledia’s proprietary technology of 3D microLEDs. Aledia, a French startup that is pioneering a disruptive technology for microLED displays, has closed an €80M first tranche of its €120M D-round financing. The company will use the proceeds to complete its product development and create the first-of-its-kind, high-volume 3D microLED manufacturing facility in the Grenoble are...

Velodyne Lidar announced on September 29 that it has completed the business combination with Graf Industrial. The LiDAR producer reported in July this year that it will go public through the combination. The two companies have closed the combination and Velodyne has became a wholly owned subsidiary of Graf which changed its name to Velodyne Lidar. Beginning on Wednesday, September 30, 2020, the common stock and warrants of Velodyne Lidar, Inc., the post-combination company, is being listed and to begin trading on The Nasdaq Global Select Market under the ticke...

Taiwan based LED companies Epistar and Lextar announced that the share conversion date of their new holding company ENNOSTAR will be delayed. The two companies originally set the date on October 20, 2020 to convert shares of both company and list ENNOSTAR. But since the case has yet pass the review procedure of the Chinese antitrust authorities, the share conversion date is now rescheduled to January 6, 2021. (Image: Pixabay) Epistar and Lextar announced that they are establishing a new holding company through share swapping with the aim to integrate reso...

Osram raised its business guidance for fiscal year 2020 since the company said it has seen strong recovery in summer, particularly in August. In the past few seasons, the German company has revised its business guidance several times, mostly revised the numbers down. However, this time the company is raising up its expectation. The Managing Board of Osram now expects a comparable revenue decline of approximately -14%, comparing to previous number of -15% to -19%. The adjusted EBITDA margin is now approximately 8%, which the company set at 3% to 6% previously. Osram also...

Daktronics announced fiscal 2021 first quarter results. The company registered net sales of US$143.6 million, operating income of $9.5 million, and net income of $7.5 million, and earnings per diluted share of $0.17. Net sales decreased by 20.3% in the first quarter of fiscal 2021 as compared to the first quarter of fiscal 2020. Net sales decreased in all business units. The change in sales primarily relates to fluctuations and related conversion to sales. Some shipping and on-site delays continue to be caused by COVID-19 related work restrictions or customer delays in readin...

Luminar announced that it has entered into a definitive agreement to merge with Gores Metropoulos and once the transaction finished, the combined company will be listed on Nasdaq under “LAZR.” Luminar is set to power the introduction of highway self-driving and next-generation safety systems and is partnered with 7 of the top 10 global automakers including Volvo and Audi. Starting in 2022, Luminar’s hardware and software will be integrated into Volvo’s global vehicle platform, the foundation for their next generation of consumer vehicles. (Image:...

Cree announced financial results for the fourth quarter of fiscal 2020 ended June 28, 2020. The company posted revenues of US$205.7 million, representing an on-year drop of 18% compared to FY4Q19 and a 5% decrease compared to FY3Q20. The company also reported GAAP net loss of $39.5 million, or $0.36 per diluted share. On a non-GAAP basis, net loss was $20.0 million, or $0.18 per diluted share. For fiscal year 2020, Cree reported revenue of $903.9 million, down by 16%YoY and GAAP net loss of $191.7 million, or $1.78 per diluted share. On a non-GAAP ...

Energy Focus announced financial results for its second quarter ended June 30, 2020. The company reported net sales of US$3.3 million, up by 8.2% compared to 2Q19 and down by 11.8% sequentially from the first quarter of 2020 reflecting the shift in the timing of the shipment of a portion of a certain military contract order from the second quarter to the third quarter of 2020. Loss from operations improved by $1.2 million year-over-year, and by $0.3 million compared sequentially to the first quarter of 2020. Net loss of $4.3 million, or $(1.36) per share, inclusive of a $3.3 mi...

Equipment supplier Veeco reported its business performance of the second quarter of 2020 with revenues of US$ 98.6 million. The company also reported GAAP net loss of $ 8.3 million and Non-GAAP net income of $ 5.5 million. Veeco said it has been executing well during the pandemic and all of its production sites have been operating at or near normal capacity in the second quarter. Its Scientific and Industrial market continues to perform well driven by sales to data storage customers. Sales in LED Lighting Display & Compound Semiconductor took 16% of its reven...

Singapore based equipment supplier K&S announced financial results of its fiscal 3Q20 ended June 27, 2020. The company posted revenue of US$ 150.5 million which grown by 18.4% YoY. For the third fiscal quarter of 2020, K&S reported a gross profit of US$ 69.4 million and a gross margin of 46.1%. On the non-GAAP base, the company’s net income grew by 258.3% YoY to 12.9 million. The increased profit and revenue were boosted by the company’s recently mass produced Pixalux, which was designed to meet the high speed transfer needs in Mini LED...

Osram announced the financial results of its fiscal 3Q20. The German company said that the performance was better than expected compared to the main sales markets. For Osram’s FY 3Q20, its revenue on a comparable basis fell by 29.4% YoY to EUR 606 million (US$ 711.95 million) due to the impact of the Coronavirus crisis. EBITDA before special items was well above expectations with negative EUR 27 million (US$ 31.75 million). Osram’s Automotive business unit was impacted the most with on-year sales dropped by 35.7% to EUR 282 million (US$ ...

Samsung unveiled the financial results for the second quarter of 2020 with consolidate revenues of KRW 52.97 trillion (US$ 44.49 billion) and operating profits of KRW 8.15 trillion (US$ 6.85 billion). (Image: Samsung) Even as the spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, Samsung has managed minimize the impact of the pandemic by strengthening online sales channels and optimizing costs. Quarterly operating profit rose 26% comparing to the previous quarter and grew 23% by year, thanks to firm demand for memor...

Signify announced the company’s 2020 second quarter results with sales of EUR 1.469 billion (US$ 1.7 billion). Comparable sales decreased by 22.5% due to the COVID-19 impact. However, the company still managed to maintain a profitable adjusted EBITA margin of 9%. (Image: Signify) The company also reported a net income of EUR 81 million (US$ 94.03 million) which increased by 61.5% YoY as a result of lower restructuring costs and one-time non-cash tax benefits from changes in the organizational structure. LED-based sales accounted for 80% of total ...

Semiconductor equipment provider AIXTRON published its financial results of the first half and the second quarter of 2020. The company said that it remains on track in the period despite the COVID-19 crisis. For 1H20, AIXTRON said it has received order volumes of EUR 138.4 million (US$ 160.6 million), which achieved an on-year growth of 41%. The order intake of 2Q20 came to EUR 69.6 million (US$ 80.76 million), up by 55% comparing to the same period in 2019. The main drivers of the growing customer demand for deposition equipment are the growing mar...

LG Electronics released its preliminary earnings results for the second quarter of 2020. The Korean company posted tentative consolidated revenue of KRW 12.8 trillion (US$ 10.64 billion) in the second quarter of 2020 with an operating profit of KRW 493.1 billion (US$ 409.77 billion). (Image: LG) Comparing to the number last year, LG said the sales of 2Q20 is expected to drop by 17.9% and operating income also decreased by 24.4% YoY. Comparing to the previous quarter, 2Q20 revenue would decrease by 13% and operating profit down by 54.76%. In 1Q20, LG bro...

SemiLEDs announced its financial results for the third quarter of its fiscal year 2020, ended May 31, 2020. The company posted revenues of US$1.6 million for the third quarter of FY 2020, which increased by 2% comparing to the previous quarter. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2020 was $513 thousand, compared to a gain of $348 thousand in the second quarter of fiscal 2020, or a net loss of $0.14 per diluted share, compared to a net gain of $0.08 per diluted share for the second quarter of fiscal 2020. GAAP gross...

Since the Austrian sensing company AMS won the bid of Osram in December 2019, it has been a long journey for it to complete the acquisition of the German company. Finally, on July 6, AMS announced that it has received unconditional regulatory approval from the EU commission for the acquisition of Osram and is going to close the takeover on July 9, 2020. As the acquisition announced last year, it was stated that the merger would be subject to antitrust and foreign trade approvals by the EU. In the press release of the EU Commission, the Commission concluded that ...