Finisar Explained

Finisar Corporation
Type:Subsidiary
Traded As:NASDAQ:
Hq Location:Sunnyvale, California[1]
Products:Optical communication components
Revenue: (2019)
Num Employees:13,000 (2019)[2]
Parent:Coherent Corp.

Finisar Corporation is a manufacturer of optical communication components and subsystems. The company was founded in April 1987 by Frank Levinson and Jerry Rawls in Menlo Park, California.[3] [4] In November 1999, it went public via an initial public offering. In 2008 Finisar merged with Optium Corporation.[5] In September 2019, Finisar was acquired by II-VI Incorporated for US$3.2 billion.[6] [7]

Finisar's products include optical transceivers, optical engines, active optical cables, optical components, optical instrumentation, ROADM & wavelength management, optical amplifiers, and RF-over-Fiber. Their products enable high-speed voice, video, and data communications for networking, storage, wireless, and cable TV applications.

Partnerships

Apple Inc. announced a new partnership with Finisar in December 2017.[8] The planned investment of $390 million will support Finisar's increase production of its R&D spending and high-volume production of vertical-cavity surface-emitting lasers that power some of Apple's features such as the Face ID.[9] The plant, supporting more than 500 jobs, is located in Sherman, Texas.[10]

Notes and References

  1. Web site: FNSR Profile - Finisar Corp Profile. MarketWatch. 2010-01-15. dead. https://web.archive.org/web/20091121220205/http://www.marketwatch.com/investing/stock/fnsr/profile. 2009-11-21.
  2. Web site: Finisar Corporation Form 10-K for the fiscal year ended April 28, 2019 . 14 June 2019 . . 30 June 2022 . 30 June 2022 . https://web.archive.org/web/20220630181809/https://www.sec.gov/Archives/edgar/data/0001094739/000109473919000038/fnsr10kfy19.htm . live .
  3. News: Finisar IPO Proves Hot In First Trading Session . 15 November 1999 . . https://archive.today/20220630170614/https://www.wsj.com/articles/SB94243191735323942 . 30 June 2022.
  4. Web site: II-VI completes Finisar acquisition . 25 September 2019 . optics.org . 30 June 2022 . 5 July 2022 . https://web.archive.org/web/20220705221142/https://optics.org/news/10/9/41 . live .
  5. Web site: Finisar/Optium Merge. 2008-05-16. Network Computing. en. 2020-02-04. 2020-02-04. https://web.archive.org/web/20200204055924/https://www.networkcomputing.com/data-centers/finisaroptium-merge. live.
  6. Incorporated. II-VI. 2019-09-24. II-VI Incorporated Expands Compound Semiconductors and Photonic Solutions Platforms with the Completion of the Finisar Acquisition. 2021-12-01. GlobeNewswire News Room.
  7. News: Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy . 9 November 2018 . . Akanksha . Rana . Uday . Sampath Kumar.
  8. News: Apple is investing $390 million into a company that makes chips for the iPhone X and AirPods. Business Insider. 2017-12-13. en. 2017-12-13. https://web.archive.org/web/20171213174957/http://www.businessinsider.com/apple-invests-390-million-into-finisar-to-manufacture-vcsel-chips-2017-12. live.
  9. News: Why Apple Is Chipping In on Finisar . 13 December 2017 . . Gallagher . Dan . https://archive.today/20171213222148/https://www.wsj.com/articles/why-apple-is-chipping-in-on-finisar-1513200691 . 13 December 2017.
  10. News: Apple awards Finisar $390 million from its Advanced Manufacturing Fund. Apple Newsroom. 2017-12-13. en-US. 2023-03-16. https://web.archive.org/web/20230316000623/https://www.apple.com/newsroom/2017/12/apple-awards-finisar-390-million-from-its-advanced-manufacturing-fund/. live.

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