Photonics giant Lumentum invests in indium phosphide laser chip manufacturing, expects sales growth

California photonics giant Lumentum is actively investing in the manufacturing capacity of indium phosphide (InP) laser chips to meet the demand growth in the coming years. Although the company's latest annual sales revenue has declined and its net loss is close to $550 million, CEO Alan Lowe and his team predict that the company's sales performance will achieve rapid growth by 2027. This optimistic expectation has caused the company's Nasdaq stock price to rise by more than 15%.