Apple supplier Lumentum to buy laser maker Coherent in $5.7 billion deal

Laser and optical fiber specialist Lumentum Holdings Inc said on Tuesday it would acquire laser manufacturer Coherent Inc in a $5.7 billion deal.

The pro camera system on iPhone 12 Pro models includes new Wide cameras for even better low-light performance, an expansive Ultra Wide camera, and a Telephoto camera for capturing stunning images and video.
The LiDAR Scanner on iPhone 12 Pro and iPhone 12 Pro Max measures how long it takes light to reflect back from objects, so it can create a depth map of any space you’re in. Because it’s ultrafast and accurate, AR apps can now transform a room into a realistic rainforest or show you exactly how a new sneaker will fit.

iPhone 12 Pro and iPhone 12 Pro Max feature an all-new LiDAR Scanner which offers the ability to measure light distance and use pixel depth information of a scene. This technology delivers faster, more realistic AR experiences and improves autofocus by 6x in low-light scenes for more accuracy and reduced capture time in photos and videos. This advanced hardware, combined with the power of the Neural Engine of A14 Bionic, also unlocks Night mode portraits, rendering a beautiful low-light bokeh effect.


Lumentum’s cash-and-stock deal for Coherent represents a 49% premium to the company’s closing price on Jan. 15.

Coherent stockholders will receive $100 per share in cash and 1.1851 shares of Lumentum common stock for each share held and are expected to own about 27% of the combined company.

Lumentum is known for its 3D sensing face recognition technology, which many analysts say powers Apple Inc’s Face ID, Animoji and portrait mode features.

MacDailyNews Note: The deal is expected to be finalized in the second half of this year.

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