Coherent Corp Stock Price, News & Analysis

Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Sherri Luther as its new Chief Financial Officer and Treasurer, effective immediately. Luther joins Coherent from Lattice Semiconductor, where she served as CFO since 2019. She previously spent 16 years at Coherent, Inc., including as Corporate Vice President of Finance.

CEO Jim Anderson expressed confidence in Luther's ability to help unlock Coherent's full potential, citing their previous work together at Lattice and her proven track record as a public company CFO. Luther brings over 30 years of strategic and financial operations experience, with expertise in various financial and operational areas.

The company thanked Rich Martucci for his leadership as Interim CFO and his continued service to ensure a smooth transition. Luther, a Certified Public Accountant with an Executive MBA from Stanford, also serves on the Board of Directors of Silicon Labs and is NACD Directorship Certified.

Coherent Corp. (NYSE: COHR), a leader in photonics solutions for the semiconductor industry, has been awarded the Excellence in Sustainability Award by KLA. This recognition highlights Coherent's achievements in sustainability efforts as part of the KLA Supply Chain Sustainability program. The award was presented at the KLA Supplier Day event on October 8, 2024.

Chris Dorman, Executive VP of Coherent's Lasers Segment, expressed honor in receiving the award and emphasized the company's commitment to creating a positive environmental impact and strengthening supply chain resilience through responsible practices. The award underscores the importance of collaborative efforts between suppliers and partners in achieving long-term sustainability in the global supply chain.

Both Coherent and KLA's sustainability initiatives have contributed to their shared vision of reducing environmental impacts while fostering innovation and growth. This recognition reinforces Coherent's dedication to upholding high standards of corporate responsibility and sustainable practices in its operations.

Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced the sale of its manufacturing facility in Newton Aycliffe, UK. This strategic move is part of the company's efforts to streamline operations and optimize its global footprint. The 310,000 square feet plant, located in Aycliffe Business Park, was originally acquired by II-VI Incorporated (now Coherent Corp.) in 2017.

CEO Jim Anderson stated that the divestment allows the company to focus investment and capital on areas of greatest long-term growth and profitability. Macquarie Semiconductor and Technology acted as transaction consultant, while Taylor Wessing provided legal advice to Coherent for this sale.

Coherent Corp. (NYSE: COHR) has launched its 200 mm silicon carbide epitaxial wafers (SiC epi-wafers), with shipments of 350 micron and 500 micron thickness substrates and epi-wafers already underway. As a manufacturer of both SiC substrates and epitaxial wafers, Coherent aims to deliver exceptional quality, performance, and reliability.

The new 200 mm SiC epi-wafers feature advanced thickness and doping uniformity, supporting the production of superior SiC power semiconductors. This transition from 150 mm to 200 mm diameter wafers addresses the growing demand for SiC semiconductors in electric and hybrid vehicles, energy infrastructure, and high-power EV chargers.

The larger wafers offer a 1.8x increase in usable area, potentially enhancing productivity and reducing costs for SiC device manufacturers. The implementation of 200 mm tooling aligns with the industry's drive for greater performance and reduced operational costs.

Coherent Corp. (NYSE: COHR) has been awarded the 2024 ECOC Exhibition Industry Award for Best Product in the Data Center Innovation category for its Datacenter Lightwave Cross-Connect (DLX™) Optical Circuit Switch. This prestigious recognition highlights Coherent's leadership in developing cutting-edge technologies for optical networking, particularly for next-generation AI deployments.

The award-winning DLX™ is built on Coherent's proven digital liquid-crystal platform, offering three significant advantages:

• Lower cost
• Lower power consumption
• Lower latency

Dr. Sanjai Parthasarathi, Chief Marketing Officer, expressed the company's honor in receiving this recognition, emphasizing the innovative efforts of their team in shaping the future of optical networking technologies.

Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, will participate in multiple panels and workshops at the European Conference on Optical Communications (ECOC) 2024 in Frankfurt, Germany, from September 22-24. The company's technologies and products are utilized in communications networks across various environments, from deep oceans to earth orbit and beyond.

Coherent's industry experts will share insights, showcase market-leading technologies, and offer perspectives on the future of optical communications during the event. This participation highlights Coherent's role in shaping the optical communications industry and its commitment to innovation in this field.

Coherent Corp. (NYSE: COHR) announces the general availability of its 100G ZR QSFP28-DCO transceiver, setting a new industry standard for low power consumption at 5 W. This innovative product integrates Coherent's proprietary Steelerton™ DSP technology with a silicon photonics optical front-end and a power-optimized tunable laser. The transceiver offers a 300 km dispersion- reach and supports both SFF-8636 and CMIS management interface standards.

Key features include Flextune™ auto-tuning technology for zero-touch provisioning, simplifying deployment for carriers. Industry analysts highlight the transceiver's potential to upgrade 10G DWDM networks to 100G without re-engineering, addressing the increasing bandwidth demand at network edges while reducing operational expenses.

Coherent Corp. (NYSE: COHR) will showcase new products and technologies for next-generation optical communications networks at ECOC 2024 exhibition, September 23-25 at the Messe Frankfurt, Booth #A10. Key highlights include:

1. Industry's first L-band 800G ZR/ZR+ pluggable transceivers
2. Uncooled dual chip 2x480mW 980nm micro pump laser module
3. Novel analog optical multi-link modules
4. Demonstrations of 1.6T-DR8 OSFP transceiver, 800G-DR4 OSFP transceiver, and L-band 800G QSFP-DD DCO pluggable transceiver
5. New high port count WaveShaper® 32000B and 30002B

Coherent thought leaders will present at panels, technical sessions, and workshops, covering topics such as massively parallel optical transceivers, intra-datacenter connectivity, and advances in optical components for datacom and telecom transceivers.

Coherent Corp. (NYSE: COHR) has announced plans to demonstrate two advanced transceiver modules at the European Conference on Optical Communication (ECOC) 2024 in Frankfurt, Germany, from September 23-26. The company will showcase:

1. 1.6T-DR8 Transceiver: An OSFP module with eight 200 Gbps lanes, totaling 1.6 terabits per second capacity. It uses NVIDIA's DSP and Coherent's silicon photonics technology, designed for AI and networking applications with a 500-meter range.

2. 800G-DR4 Transceiver: An OSFP module with eight 100 Gbps electrical lanes and four 200 Gbps optical lanes. It employs Coherent's proprietary 200G differential EML technology for enhanced signal integrity over 500 meters.

These demonstrations highlight Coherent's commitment to innovation across multiple optical technologies, addressing the growing demands of data centers and network operators transitioning to faster architectures.