chanelink logo
CHANELINK
Italiano

Lumentum acquires Hong Kong optical module manufacturer Cloud Light to expand its influence in cloud data centers and network infrastructure

663
2023-11-01 14:03:26
Vedi traduzione

On October 30th, Lumentum announced the acquisition of Hong Kong optical module manufacturer Cloud Light for $750 million (approximately RMB 5.48 billion), with the aim of expanding its influence in cloud data centers and network infrastructure.

It is understood that Cloud Light is a Hong Kong company that provides various optical product solutions, mainly focusing on designing and manufacturing advanced optical modules for automotive sensors and data center interconnection applications. In the past 12 months, almost all of the company's $200 million in revenue came from sales of 400G or higher speed transceivers.

After the announcement of the acquisition, Lumentum's stock price soared by 14%, alleviating the 22% decline earlier this year.

At present, the acquisition transaction has been approved by the board of directors and shareholders of two companies. Through the acquisition, Cloud Light's optical transceiver products will serve as a supplement to Lumentum's existing data center transceiver integration component product portfolio.

Lumentum predicts that this will give it the opportunity to expand its cloud data center business more than fivefold compared to before, expected to grow at a compound annual growth rate of over 30%, and the business scale is expected to exceed $10 billion (approximately 73.1 billion RMB) by 2028.

Last week, Microsoft announced that its cloud division's first quarter performance exceeded Wall Street expectations, highlighting the strong demand for cloud computing and artificial intelligence in the industry.

Source: Sohu

Raccomandazioni correlate

  • Afinum Management acquires significant stakes in two laser companies

    Recently, Afinum Management, a private equity firm based in Munich, Germany, has acquired a large stake in two laser companies, with the intention of opening up new laser markets by combining the strengths of three parties.According to media reports, the two companies are ARC Laser in Germany and GNS neo Laser in Israel, and Afinum has agreed with the founders of the two companies that the acquisi...

    2024-08-08
    Vedi traduzione

  • Historic Moment! The 100th TruLaser Cell Series 3D Five-Axis Laser Cutting Machine Successfully Rolls Off the Production Line in China

    Driven by the global trend of lightweighting in new energy vehicles (NEVs), TRUMPF has reached a significant milestone in Taicang, Jiangsu—the successful rollout of the 100th TruLaser Cell series 3D five-axis laser cutting machine. This achievement is more than just a numerical breakthrough; it symbolizes the deep integration of German technology with Chinese manufacturing and underscores TRUMPF's...

    03-14
    Vedi traduzione

  • In situ bubble point measurement using spectroscopy

    Develop and research a new downhole bubble point pressure measurement technology suitable for black oil and volatile oil to enhance well analysis using spectroscopy.Representative fluid characteristics are required for a wide range of oilfield lifespans, such as the initial scale and production planning of reservoir hydrocarbon reserves. Fluid characteristics are usually obtained from laboratory s...

    2024-01-31
    Vedi traduzione

  • Construction of Advanced New Laser Research Centers in American Universities

    The ATLAS R&D center is expected to be completed by mid-2026!A powerful new laser research facility located on the Foothills campus of Colorado State University will begin construction this month. The facility is planned to be put into use in mid-2026 and is the result of 40 years of laser development research at Colorado State University. It is a collaboration with the Fusion Energy Science P...

    2024-10-30
    Vedi traduzione

  • LM GROUP USA expands its North American office

    Recently, BLM GROUP USA, a leading manufacturer of laser tube and sheet metal processing equipment, announced that its North American headquarters in Novi, Michigan has officially started construction, with plans to add 65000 square feet of modern facilities. It is expected to be completed and put into use in the third quarter of 2025.The specific investment amount for this expansion has not been ...

    2024-08-03
    Vedi traduzione