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Finisar

Topic: Company

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Finisar Corporation
TypeSubsidiary
FoundedApril 1987; 37 years ago (1987-04)[1]:2
Founders
  • Frank Levinson
  • Jerry Rawls
HeadquartersSunnyvale, California[2]
ProductsOptical communication components[2]
RevenueUS$1.28 billion (2019)[1]
Number of employees
13,000 (2019)[1]
ParentII-VI Incorporated
Websitefinisar.com

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.[3] 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.[1] Their products enable high-speed voice, video, and data communications for networking, storage, wireless, and cable TV applications.[1]

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.[9][10]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Finisar Corporation Form 10-K for the fiscal year ended April 28, 2019". U.S. Securities and Exchange Commission. 14 June 2019. https://www.sec.gov/Archives/edgar/data/0001094739/000109473919000038/fnsr10kfy19.htm. 
  2. ↑ 2.0 2.1 "FNSR Profile - Finisar Corp Profile". MarketWatch. http://www.marketwatch.com/investing/stock/fnsr/profile. Retrieved 2010-01-15. 
  3. ↑ 3.0 3.1 "Finisar IPO Proves Hot In First Trading Session". The Wall Street Journal. 15 November 1999. https://www.wsj.com/articles/SB94243191735323942. 
  4. ↑ "II-VI completes Finisar acquisition". 25 September 2019. https://optics.org/news/10/9/41. 
  5. ↑ "Finisar/Optium Merge" (in en). 2008-05-16. https://www.networkcomputing.com/data-centers/finisaroptium-merge. 
  6. ↑ Incorporated, II-VI (2019-09-24). "II-VI Incorporated Expands Compound Semiconductors and Photonic Solutions Platforms with the Completion of the Finisar Acquisition". GlobeNewswire News Room (Press release). Retrieved 2021-12-01.
  7. ↑ Rana, Akanksha; Sampath Kumar, Uday (9 November 2018). "Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy". Reuters. https://www.reuters.com/article/us-finisar-m-a-ii-vi-idINKCN1NE14I. 
  8. ↑ "Apple is investing $390 million into a company that makes chips for the iPhone X and AirPods" (in en). Business Insider. http://www.businessinsider.com/apple-invests-390-million-into-finisar-to-manufacture-vcsel-chips-2017-12. 
  9. ↑ 9.0 9.1 Gallagher, Dan (13 December 2017). "Why Apple Is Chipping In on Finisar". The Wall Street Journal. https://www.wsj.com/articles/why-apple-is-chipping-in-on-finisar-1513200691. 
  10. ↑ "Apple awards Finisar $390 million from its Advanced Manufacturing Fund" (in en-US). Apple Newsroom. https://www.apple.com/newsroom/2017/12/apple-awards-finisar-390-million-from-its-advanced-manufacturing-fund/. 

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