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Lumentum Holdings Inc. (LITE) announced on Monday that it will acquire Cloud Light Technology Limited for a transaction value of approximately $750 million. This acquisition is expected to accelerate Lumentum's penetration into the fastest-growing segments of the multibillion-dollar opportunity for optical modules utilized in cloud computing data center infrastructure.
Cloud Light: Cloud computing providers such as Amazon.com, Microsoft and Alphabet's Google are all racing to adapt their massive data centers for an era in which chatbots and other AI-backed services are drawing several users.
Lumentum Holdings, a player in the networking equipment industry, will acquire Hong Kong-based Cloud Light Technology for $750 million
June 07, 2022 10:00 AM Eastern Daylight Time MONROVIA, Calif. & HONG KONG--(BUSINESS WIRE)--Silicon photonics market leader SiLC Technologies, Inc. (SiLC) today announced a manufacturing partnership with Cloud Light Technology Limited (Cloud Light), a leading manufacturer of advanced optical modules for automotive and datacenter interconnect applications. Cloud Light will deliver volume manufacturing of SiLC’s Eyeonic™ Vision Sensors, which take LiDAR…
Silicon photonics market leader SiLC Technologies, Inc. (SiLC) today announced a manufacturing partnership with Cloud Light Technology Limited (Cloud...