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Finisar Corporation
Company typeSubsidiary
Nasdaq: FNSR
FoundedApril 1987; 37 years ago (1987-04)[1]: 2 
Founders
HeadquartersSunnyvale, California[2]
ProductsOptical communication components[2]
RevenueUS$1.28 billion (2019)[1]
Number of employees
13,000 (2019)[1]
ParentCoherent Corp.
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

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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

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  1. ^ a b c d e "Finisar Corporation Form 10-K for the fiscal year ended April 28, 2019". U.S. Securities and Exchange Commission. 14 June 2019.
  2. ^ a b "FNSR Profile - Finisar Corp Profile". MarketWatch. Archived from the original on 2009-11-21. Retrieved 2010-01-15.
  3. ^ a b "Finisar IPO Proves Hot In First Trading Session". The Wall Street Journal. 15 November 1999. Archived from the original on 30 June 2022.
  4. ^ "II-VI completes Finisar acquisition". optics.org. 25 September 2019.
  5. ^ "Finisar/Optium Merge". Network Computing. 2008-05-16. Retrieved 2020-02-04.
  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.
  8. ^ "Apple is investing $390 million into a company that makes chips for the iPhone X and AirPods". Business Insider. Retrieved 2017-12-13.
  9. ^ a b Gallagher, Dan (13 December 2017). "Why Apple Is Chipping In on Finisar". The Wall Street Journal. Archived from the original on 13 December 2017.
  10. ^ "Apple awards Finisar $390 million from its Advanced Manufacturing Fund". Apple Newsroom. Retrieved 2017-12-13.
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