Photonics-based solutions provider Coherent announced their financial results for Q2 2024, with revenues of $1.3 billion, a 9.1% increase over 2023. The rise in revenues is mostly thanks for strong demand for the company's AI-related datacom transceiver business.
As part of the quarter results announcements, Coherent also announced that it received its first volume order for its new linebeam annealing systems for 8-Gen AMOLED fabs, used to produce IT displays for tablets, laptops and monitors.
The OLED industry is now entering a cycle of new investments into 8-Gen AMOLED production lines, which is encouraging news for equipment makers such as Coherent. Samsung Display is already constructing its first such line, and both Visionox and BOE announced their own plans. Other companies, including LG Display, are also likely to construct new 8.6-Gen AMOLED lines soon.
