Finisar

Last updated
Finisar Corporation
TypeSubsidiary
FoundedApril 1987;36 years ago (1987-04) [1] :2
Founders
Headquarters Sunnyvale, California [2]
ProductsOptical communication components [2]
Revenue US$1.28 billion (2019) [1]
Number of employees
13,000 (2019) [1]
Parent II-VI Incorporated
Website finisar.com

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

Contents

The company was founded in April 1987 by Frank Levinson and Jerry Rawls in Menlo Park, California. [3] [4] In November 1999, it went public via an initial public offering. [3] In 2008 Finisar merged with Optium Corporation. [5] In September 2019, Finisar was acquired by II-VI Incorporated for US$3.2 billion. [6] [7]

Finisar's products include optical transceivers, optical engines, active optical cables, optical components, optical instrumentation, ROADM & wavelength management, optical amplifiers, and RF-over-Fiber. [1] Their products enable high-speed voice, video, and data communications for networking, storage, wireless, and cable TV applications. [1]

Partnerships

Apple Inc. announced a new partnership with Finisar in December 2017. [8] The planned investment of $390 million will support Finisar's increase production of its R&D spending and high-volume production of vertical-cavity surface-emitting lasers that power some of Apple's features such as the Face ID. [9] The plant, supporting more than 500 jobs, is located in Sherman, Texas. [9] [10]

Related Research Articles

<span class="mw-page-title-main">Nokia</span> Finnish multinational telecommunications, technology and electronics corporation

Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area, but the company's actual roots are in the Tampere region of Pirkanmaa. In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. It was the world's 415th-largest company measured by 2016 revenues, according to the Fortune Global 500, having peaked at 85th place in 2009. It is a component of the Euro Stoxx 50 stock market index.

<span class="mw-page-title-main">Corning Inc.</span> American glass and ceramics manufacturer

Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The company was named Corning Glass Works until 1989. Corning divested its consumer product lines in 1998 by selling the Corning Consumer Products Company subsidiary to Borden.

Vantiva SA, formerly Technicolor SA, Thomson SARL, and Thomson Multimedia, is a French multinational corporation that provides creative services and technology products for the communication, media and entertainment industries. Vantiva's headquarters are located in Paris, France. Other main office locations include Norcross (USA), Rennes (France) Edegem (Belgium) Seoul, Beijing (China), Chennai (India), Memphis (USA).

Infoseek was an American internet search engine founded in 1994 by Steve Kirsch.

Synaptics Incorporated is a publicly owned San Jose, California-based developer of human interface (HMI) hardware and software, including touchpads for computer laptops; touch, display driver, and fingerprint biometrics technology for smartphones; and touch, video and far-field voice technology for smart home devices and automotives. Synaptics sells its products to original equipment manufacturers (OEMs) and display manufacturers.

Meredith Corporation was an American media conglomerate based in Des Moines, Iowa, that owned magazines, television stations, websites, and radio stations. Its publications had a readership of more than 120 million and paid circulation of more than 40 million, and its websites had nearly 135 million monthly unique visitors. Its broadcast television stations reached 11% of U.S. households.

<span class="mw-page-title-main">Nexstar Media Group</span> American media company

Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas, Midtown Manhattan, and Chicago. The company is the largest television station owner in the United States, owning 197 television stations across the U.S., most of which are affiliated with the four "major" U.S. television networks and MyNetworkTV. It also operates all of the stations owned by affiliated companies, such as Mission Broadcasting and Vaughan Media, under local marketing agreements, and operates major TV network The CW through a 75% majority stake, two terrestrial television networks airing classic shows, Antenna TV and Rewind TV, and has full or partial ownership stakes in three pay television networks.

<span class="mw-page-title-main">PerkinElmer</span> American corporation focused on life science research

PerkinElmer, Inc., previously styled Perkin-Elmer, is an American global corporation that was founded in 1937 and originally focused on precision optics. Over the years it went into and out of several different businesses via acquisitions and divestitures; these included defense products, semiconductors, computer systems, and others. By the 21st century, PerkinElmer was focused in the business areas of diagnostics, life science research, food, environmental and industrial testing. Its capabilities include detection, imaging, informatics, and service. It produced analytical instruments, genetic testing and diagnostic tools, medical imaging components, software, instruments, and consumables for multiple end markets. PerkinElmer was part of the S&P 500 Index and operated in 190 countries.

<span class="mw-page-title-main">Jerry S. Rawls</span> American businessman

Jerry S. Rawls is an American businessman and philanthropist. He currently serves as the co-founder and chairman of Finisar.

Ciena Corporation is an American networking systems and software company based in Hanover, Maryland. The company has been described by The Baltimore Sun as the "world's biggest player in optical connectivity". The company reported revenues of $3.63 billion for 2022. Ciena had over 8,000 employees, as of October 2022. Gary Smith serves as president and chief executive officer (CEO).

<span class="mw-page-title-main">Broadcom</span> American semiconductor company

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2022, some 78 percent of Broadcom's revenue was coming from its semiconductor-based products and 22 percent from its infrastructure software products and services.

Sony Entertainment, Inc. is the umbrella entertainment division of Japanese multinational conglomerate Sony and managed by its American subsidiary, established in 2012 to oversee the corporation's ventures in film, television and music.

Infinera Corporation is a San Jose, California-based vertically integrated manufacturer of Wavelength division multiplexing (WDM)-based packet optical transmission equipment and IP transport technologies for the telecommunications service provider market. It is a pioneer in designing and manufacturing of large-scale photonic integrated circuits (PICs).

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 acquired in December 2018.

SPX Corporation is a supplier of highly engineered infrastructure equipment and technologies. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Fahrenheat, Radiodetection, and Pearpoint. SPX operates in 17 countries with a sales presence in 100 countries. In 2019, the company earned approximately $1.5 billion in annual revenue. Based in Charlotte, North Carolina, SPX employs over 6,000 employees. Eugene Joseph Lowe is the CEO.

Aerohive Networks was an American multinational computer networking equipment company headquartered in Milpitas, California, with 17 additional offices worldwide. The company was founded in 2006 and provided wireless networking to medium-sized and larger businesses.

<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 Corp. 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.

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.

References

  1. 1 2 3 4 5 "Finisar Corporation Form 10-K for the fiscal year ended April 28, 2019". U.S. Securities and Exchange Commission. 14 June 2019.
  2. 1 2 "FNSR Profile - Finisar Corp Profile". MarketWatch. Archived from the original on 2009-11-21. Retrieved 2010-01-15.
  3. 1 2 "Finisar IPO Proves Hot In First Trading Session". The Wall Street Journal . 15 November 1999. Archived from the original on 30 June 2022.
  4. "II-VI completes Finisar acquisition". optics.org. 25 September 2019.
  5. "Finisar/Optium Merge". Network Computing. 2008-05-16. Retrieved 2020-02-04.
  6. Incorporated, II-VI (2019-09-24). "II-VI Incorporated Expands Compound Semiconductors and Photonic Solutions Platforms with the Completion of the Finisar Acquisition". GlobeNewswire News Room (Press release). Retrieved 2021-12-01.
  7. Rana, Akanksha; Sampath Kumar, Uday (9 November 2018). "Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy". Reuters .
  8. "Apple is investing $390 million into a company that makes chips for the iPhone X and AirPods". Business Insider. Retrieved 2017-12-13.
  9. 1 2 Gallagher, Dan (13 December 2017). "Why Apple Is Chipping In on Finisar". The Wall Street Journal . Archived from the original on 13 December 2017.
  10. "Apple awards Finisar $390 million from its Advanced Manufacturing Fund". Apple Newsroom. Retrieved 2017-12-13.