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On August 6th local time, Luminar, a leading publicly traded company in the field of LiDAR, announced a $422 million debt restructuring and raised $100 million in new capital. This measure marks Luminar taking solid steps in optimizing its capital structure and enhancing its financial stability.In early May this year, this laser radar manufacturer released an open letter disclosing a major strateg...
Recently, Swiss company Bystronic disclosed its financial performance for the first half of 2024.The financial report shows that the market situation for the Swiss Super 100 in the first half of 2024 remains very tense. Customers in various end markets are unable to fully utilize their production capacity, and operations in all regions are relatively cautious.Despite Swiss supercar actively reduci...
Billionaire Mike Cannon-Brookes' plan to export clean energy from Australia to Singapore via a 4,200km undersea cable has gained new momentum after taking control of the stalled project.Cannon-Brookes' Grok Ventures has completed its acquisition of SunCable from the government and is advancing talks with authorities in Singapore and Indonesia, the investment firm said on Thursday. The revised plan...
Recently, AP Systems, a well-known laser manufacturer in South Korea, established a new AVP equipment division for the advanced packaging field. This business unit will focus on laser equipment required for advanced packaging processes of high bandwidth memory (HBM).AP Systems is a subsidiary of APS Group, mainly focused on the fields of display and semiconductor laser processing equipment. It foc...
NASA's ILLUMA-T payload communicates with the LCRD via laser signals.NASA uses the International Space Station, a spacecraft the size of a football field orbiting the Earth, to learn more about living and working in space. For more than 20 years, the space station has provided a unique platform for investigation and research in the fields of biology, technology, agriculture and more. It is home to...