Coherent Corp.

Last updated
Coherent Corporation
Company type Public
Industry
PredecessorII-VI Incorporated
Founded1971;53 years ago (1971)
Founders
  • Carl Johnson
  • James Hawkey
Headquarters Saxonburg, Pennsylvania, U.S.
Number of locations
130 [1]  (2022)
Key people
Jim Anderson (CEO)
RevenueIncrease2.svg US$5.16 billion  (2023)
Decrease2.svg −US$37 million (2023)
Decrease2.svg −US$259 million (2023)
Total assets Increase2.svg US$13.7 billion (2023)
Total equity Increase2.svg US$4.99 billion (2023)
Number of employees
26,622 (2023)
Subsidiaries Coherent, Inc.
Website coherent.com
Footnotes /references
Financials as of June 30,2023. [2]

Coherent Corporation (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]

Contents

History

Coherent was founded as II-VI Incorporated in 1971 by Carl Johnson and James Hawkey. [5] [6] The name "II-VI" is a reference to the groups II and VI in the periodic table, since the company started its business by producing cadmium telluride (cadmium belongs to group II and tellurium belongs to group VI). [7] The company's first products included lenses, windows, and mirrors for CO2 lasers. [5]

The company held its initial public offering in 1987. [5] According to Carl Johnson, the funds raised by the IPO allowed II-VI to expand its zinc selenide manufacturing capacity. [5]

In the 1990s, the company began to grow both on its own and through acquisitions. [5] It purchased Litton Systems' silicon carbide group from Northrop Grumman in the 1990s, [5] Virgo Optics in 1995, [8] and Lightning Optical Corporation in 1996, [8] among others. The combination of Virgo and Lightning created II-VI's VLOC division for developing one-micron solid-state lasers. [8] Acquisitions in the 2000s have included Laser Power Optics in 2000; Marlow Industries in 2004; [9] HIGHYAG (75% in 2007 [10] and the remaining 25% in 2013); Photop Technologies in 2010; [11] Oclaro's Santa Rosa, California, optics coating facility in 2012; Anadigics and EpiWorks in 2016; [12] and Integrated Photonics in 2017. [13] [8] The acquisition of Avalon Photonics, Anadigics, and EpiWorks allowed II-VI to increase its production of vertical-cavity surface-emitting lasers (VCSELs), [8] important to 3D sensing technology; and the acquisition of Finisar Corporation in 2019 brought to II-VI Finisar's high volume 3DS VCSELs indium phosphide (InP) platform and its experience in integrating InP lasers with optics and electronics in transceivers. [8] Acquisitions of INNOViON, Ascatron, and some of GE's patents have expanded its business in silicon carbide substrates. [8] In 2022, II-VI acquired laser manufacturer Coherent, Inc.. [14] and took the name Coherent Corp.

Carl Johnson served as II-VI's first CEO from 1985 to 2007. He stepped down as CEO in 2007 and was named chairman of the board, a position he held until 2014. [15] Johnson was succeeded as CEO by Francis Kramer, who had been president since 1985. [13] Kramer followed Johnson as chair in 2014, in addition to his duties as CEO, and continued as chair in 2016 when Vincent D. (Chuck) Mattera, Jr., became the company's third CEO. [8] In November 2021, Kramer transitioned from chair to Chair Emeritus, and Mattera was named chair and CEO. [16] In February 2024, Coherent announced that Mattera would retire, remaining in place until a successor is named. [17] Jim Anderson was named CEO in early June of 2024. He was formerly with Lattice Semiconductor Corporation (LSCC)

Locations and facilities

Coherent Corp. is headquartered in Saxonburg, Pennsylvania, [18] located north of Pittsburgh in Butler County. The company has R&D, manufacturing, sales, service, and distribution facilities in 130 locations worldwide. [2]

The Saxonburg headquarters site was once the property of KDKA, the world's first commercially licensed radio station, and some of the original structures are still there. [19] In the 1940s, the site was expanded by the Carnegie Institute of Technology and the U.S. Nuclear Regulatory Commission to become a 400 MeV synchrocyclotron research facility. [20] II-VI acquired the property around 1978 and has further expanded the facility over the years. [21]

Related Research Articles

<span class="mw-page-title-main">Laser diode</span> Semiconductor laser

A laser diode is a semiconductor device similar to a light-emitting diode in which a diode pumped directly with electrical current can create lasing conditions at the diode's junction.

<span class="mw-page-title-main">Vertical-cavity surface-emitting laser</span> Type of semiconductor laser diode

The vertical-cavity surface-emitting laser is a type of semiconductor laser diode with laser beam emission perpendicular from the top surface, contrary to conventional edge-emitting semiconductor lasers which emit from surfaces formed by cleaving the individual chip out of a wafer. VCSELs are used in various laser products, including computer mice, fiber optic communications, laser printers, Face ID, and smartglasses.

<span class="mw-page-title-main">Emerson Electric</span> American multinational corporation

Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets. Emerson has approximately 86,700 employees and 170 manufacturing locations.

<span class="mw-page-title-main">Tunable laser</span>

A tunable laser is a laser whose wavelength of operation can be altered in a controlled manner. While all laser gain media allow small shifts in output wavelength, only a few types of lasers allow continuous tuning over a significant wavelength range.

A vertical-external-cavity surface-emitting-laser (VECSEL) is a small semiconductor laser similar to a vertical-cavity surface-emitting laser (VCSEL). VECSELs are used primarily as near infrared devices in laser cooling and spectroscopy, but have also been explored for applications such as telecommunications.

<span class="mw-page-title-main">Zinc selenide</span> Chemical compound

Zinc selenide is the inorganic compound with the formula ZnSe. It is a lemon-yellow solid although most samples have a duller color due to the effects of oxidation. It is an intrinsic semiconductor with a band gap of about 2.70 eV at 25 °C (77 °F), equivalent to a wavelength of 459 nm. ZnSe occurs as the rare mineral stilleite, named after Hans Stille.

ams OSRAM AG is an Austrian semiconductor manufacturer headquartered in Premstätten, Austria with a co-headquarters in Munich, Germany. The company develops and produces intelligent sensors and emitter components

<span class="mw-page-title-main">Multi-mode optical fiber</span> Type of optical fiber mostly used for communication over short distances

Multi-mode optical fiber is a type of optical fiber mostly used for communication over short distances, such as within a building or on a campus. Multi-mode links can be used for data rates up to 800 Gbit/s. Multi-mode fiber has a fairly large core diameter that enables multiple light modes to be propagated and limits the maximum length of a transmission link because of modal dispersion. The standard G.651.1 defines the most widely used forms of multi-mode optical fiber.

<span class="mw-page-title-main">Jenoptik</span> German integrated photonics group

Jenoptik AG is a Jena, Germany-based integrated photonics company. The company is listed on the Frankfurt Stock Exchange and is included in the TecDAX stock index.

ON Semiconductor Corporation is an American semiconductor supplier company, based in Scottsdale, Arizona. Products include power and signal management, logic, discrete, and custom devices for automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications. onsemi runs a network of manufacturing facilities, sales offices and design centers in North America, Europe, and the Asia Pacific regions. Based on its 2016 revenues of $3.907 billion, onsemi ranked among the worldwide top 20 semiconductor sales leaders, and was ranked No. 483 on the 2022 Fortune 500 based on its 2021 sales.

<span class="mw-page-title-main">Wyant College of Optical Sciences</span> Division of the University of Arizona

The University of Arizona College of Optical Sciences, considered the largest institute for optics education in the United States, is dedicated to research and education in optics with an emphasis on optical engineering. The college offers more than 90 courses in optical sciences, and a Bachelor of Science degree in Optical Sciences and Engineering, Masters and Doctoral degree programs in Optical Sciences, as well as a dual master's degree in Optical Sciences and Business Administration. The college also offers comprehensive distance learning courses leading to a Professional Graduate Certificate or a master's degree and markets non-credit short courses on DVD to optics professionals.

Oclaro was a US-based business manufacturing and selling optical components. Oclaro was formerly listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. The company is now part of Lumentum (LITE) after it was acquired in December 2018.

<span class="mw-page-title-main">Veeco</span> American manufacturing company

Veeco Instruments Inc. is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.

<span class="mw-page-title-main">IPtronics</span> Danish fabless semiconductor company

IPtronics was a fabless semiconductor company headquartered in Copenhagen, Denmark. Its products include integrated circuits for parallel optical interconnect applications intended for the computer, storage and communication industries. IPtronics' design center is certified by STMicroelectronics, which is also their semiconductor foundry partner. In June 2013, IPtronics was acquired by Mellanox Technologies.

Finisar Corporation is a manufacturer of optical communication components and subsystems.

<span class="mw-page-title-main">James R. Biard</span> American electrical engineer and inventor (1931–2022)

James Robert Biard was an American electrical engineer and inventor who held 73 U.S. patents. Some of his more significant patents include the first infrared light-emitting diode (LED), the optical isolator, Schottky clamped logic circuits, silicon Metal Oxide Semiconductor Read Only Memory, a low bulk leakage current avalanche photodetector, and fiber-optic data links. In 1980, Biard became a member of the staff of Texas A&M University as an adjunct professor of electrical engineering. In 1991, he was elected as a member into the National Academy of Engineering for contributions to semiconductor light-emitting diodes and lasers, Schotky-clamped logic, and read-only memories.

<span class="mw-page-title-main">Kaiam</span>

Kaiam Corporation was an American manufacturer of optronics equipment for computer networking. Founded in 2009, it was headquartered in Newark, California, and until December 2018 had a manufacturing facility in Silicon Glen in Scotland. After cash-flow problems and a patent infringement lawsuit, the company collapsed in early 2019. The founder and CEO was Bardia Pezeshki.

<span class="mw-page-title-main">Inphi Corporation</span> American technology company

Inphi Corporation is an American company that produces 10G-800G high-speed analog and mixed-signal semiconductor components and optical subsystems to networking original equipment manufacturers (OEMs), optical module, cloud and telecom service providers. Its headquarters are located in Santa Clara, California. Inphi develops linear transimpedance amplifiers, modulator drivers, optical physical layer devices, coherent DSPs, and silicon photonic-based subsystems for long haul, metro, and data center applications. As of April 20, 2021, the company was acquired by Marvell Technology, Inc.

Coherent, Inc., headquartered in Santa Clara, California is an American company that develops, manufactures and supports laser equipment and related specialty components. 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. In 2022, II-VI Incorporated acquired Coherent, Inc. and took the name Coherent Corp.

Thomas W. Mossberg is an American physicist, formerly of Columbia, Harvard, and the University of Oregon. He was also the founding President and CEO at LightSmyth Technologies, a nanotechnology company in Eugene, Oregon.

References

  1. ↑ "ESG Report 2022" (PDF). Coherent Corporation. Retrieved August 19, 2022.
  2. 1 2 "Form 10-K Annual Report". U.S. Securities and Exchange Commission. August 18, 2023.
  3. ↑ "II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers". GlobeNewswire (Press release). July 1, 2022.
  4. ↑ Doughty, Nate (1 July 2022). "II-VI completes acquisition of Coherent, will take on new name". American City Business Journals . Archived from the original on 1 July 2022.
  5. 1 2 3 4 5 6 "II-VI: Milestones of its first leader". Compound Semiconductor Magazine. Retrieved January 19, 2022.
  6. ↑ "Ranking". money.usnews.com. Archived from the original on 2019-10-07. Retrieved 2019-09-12.
  7. ↑ "About Us | II-VI Incorporated".
  8. 1 2 3 4 5 6 7 8 "II-VI: The laser years". Compound Semiconductor Magazine. Retrieved January 24, 2022.
  9. ↑ "II-VI Incorporated History". Fundinguniverse.com. Retrieved March 1, 2022.
  10. ↑ "II-VI to take majority stake in HIGHYAG Lasertechnologie GmbH". Laser Focus World. October 3, 2007. Retrieved June 1, 2022.
  11. ↑ "II-VI agrees to acquire Photop Technologies". Laser Focus World. December 30, 2009. Retrieved June 1, 2022.
  12. ↑ "II-VI completes acquisition of ANADIGICS. Finally". Microwave Journal. March 16, 2016. Retrieved June 1, 2022.
  13. 1 2 "II-VI: Milestones of its first leader". Compound Semiconductor Magazine. Retrieved January 21, 2022.
  14. ↑ "II-VI Takeover of Coherent Advances CEO's Global Laser Mission". Bloomberg News . Retrieved February 4, 2022.
  15. ↑ "II-VI: Milestones of its First Leader". Compound Semiconductor Magazine. Retrieved May 11, 2022.
  16. ↑ "II-VI's chair Kramer to become Chair Emeritus". Semiconductor Today Magazine. Retrieved May 11, 2022.
  17. ↑ "'Chuck' Mattera to retire as CEO of Coherent". Optic.org. Retrieved March 5, 2024.
  18. ↑ "Local laser optics company introduces new systems". www.bizjournals.com. June 4, 2019. Retrieved 2019-09-12.
  19. ↑ "II-VI: Milestones of its first leader" . Retrieved March 22, 2022.
  20. ↑ "II-VI: Milestones of its first leader".
  21. ↑ "II-VI: Milestones of its first leader".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.