On September 9, local time, Lumentum, a leading designer and manufacturer of innovative optical and photonic products, announced that it has completed the acquisition of a site in Caswell, UK.
Lumentum reveals that the company has made a significant investment in the site over the past two years and is currently developing and upgrading its state-of-the-art cleanrooms and laboratories to continue to support new product development.
Caswell has been at the heart of the UK's semiconductor and industrial technology innovation over the last few decades, and Lumentum says it is delighted to be establishing a wider presence in the region.
Headquartered in San Jose, California, Lumentum is a market-leading manufacturer of fiber optic, optical and photonic products. The company manufactures and markets fiber optic-related products to fiber optic network and commercial laser customers worldwide. Its product development, sales and production are located in Europe, the United States, Japan, Thailand and China and other countries and regions, roughly distributed as follows:
Lumentum Completes Acquisition of R&D Site in Carswell, UK
Lumentum's global manufacturing model and product vertical integration strategy provides customers with more flexible and faster service. Lumentum's globalized manufacturing model and vertical integration strategy provide customers with more flexible and faster services. The company's manufacturing operations, combining in-house production and outsourcing, are located in China, Malaysia, and Thailand, while its R&D, wafer manufacturing, sales, and customer service operations are located in the U.S., U.K., Italy, and Japan.
Not long ago Lumentum announced the latest financial results show that the fourth quarter of fiscal year 2023 realized net revenue of 3.71 billion U.S. dollars, a year-on-year decline of 12%. The optical communications business revenue of 321 million U.S. dollars (accounting for 87.8%), laser business revenue of 50.3 million U.S. dollars (accounting for about 12.2%). 2023 fiscal year, Lumentum revenue of 1.767 billion U.S. dollars, an increase of 3.2%. The optical communications business revenue of $1.557 billion, an increase of 2.6 percent; laser business revenue of $209 million, an increase of 7.8 percent.
Alan Lowe, Lumentum's president and chief executive officer, said, "With generational upgrades to network backbones and increased artificial intelligence customer activity in data centers, we expect year-over-year growth in the telecom and datacom businesses through 2024."
About Lumentum
Lumentum is a market-leading designer and manufacturer of innovative optical and photonic products that improve optical networking and laser applications worldwide.Lumentum optical components and subsystems have penetrated and are part of virtually every type of telecom, enterprise, and data center network.Lumentum lasers support advanced manufacturing technologies and a wide range of applications, including next-generation 3D sensing capabilities.
