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7 March 2019

Lumentum selling Oclaro Japan optical transceiver product lines to CIG

Lumentum Holdings Inc of Milpitas, CA, USA (which provides photonics products for optical networking and lasers for industrial and consumer markets) has entered into a strategic agreement and partnership for Shanghai-based Cambridge Industries Group (CIG, a ODM/JDM/EMS supplier for the ICT industry) to acquire certain optical transceiver product lines developed and manufactured by subsidiary Oclaro Japan Inc and to enter into a long-term strategic supply agreement for Lumentum’s photonic chips.

“I am pleased to partner with CIG and leverage our respective strengths to better address the market opportunity created by the highly anticipated growth in high-speed datacom and telecom client-side transceiver volumes driven by data-center expansion and 5G wireless over the coming years,” says Walter Jankovic, Lumentum’s senior VP & general manager, Datacom. “This transaction enables Lumentum to become more commercially focused on its differentiated indium phosphide (InP) photonic chip capabilities and brings a new customer that is well positioned to compete in the datacom transceiver market,” he adds.

“With this acquisition and on-going partnership with Lumentum for supply of their industry-leading photonic chips, together with CIG’s proven quality and volume JDM [joint design manufacturer] and ODM [original design manufacturer] capabilities, CIG expands its capabilities with industry-leading optical transceiver products and technology spanning the range of 10G, 25G to 400G serving many long-standing tier-1 customers,” says CIG’s president & CEO Gerald Wong. “With the combination of CIG’s strengths in cost-effective high-volume manufacturing and Lumentum’s optical transceiver team in Japan, with their decades of experience in high-performance datacom and telecom transmission, we are well positioned to address customer needs in the datacom and telecom client-side transceiver market,” he believes.

The transaction is expected to close in second-quarter 2019 (subject to certain customary closing conditions). The sale is not expected to impact the guidance ranges provided on 5 February for Lumentum’s third fiscal quarter (to end-March). Revenue attributable to the products to be sold in the proposed transaction is about $20m of the $50-55m of datacom revenues previously included in Lumentum’s guidance for fiscal Q3/2019.

See related items:

Lumentum’s revenue suppressed by faltering 3D sensing laser demand, but telecoms demand outstripping capacity expansion

Lumentum completes Oclaro acquisition

MACOM Japan completes sale of LR4 100G long-range optical subassembly business to CIG Shanghai

Tags:  Optical communications

Visit:  www.lumentum.com

Visit:  www.cigtech.com/optical-sub-assemblies

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