- CEO
- Vincent D. Mattera Jr.,
- Full Time Employees
- 23,658
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Address
- 375 Saxonburg Boulevard Saxonburg PA United States of America 16056-9499
- IPO Date
- Aug 7, 2020
- Business
- II-VI Incorporated II-VI Incorporated (Nasdaq: IIVIP), formerly the 6.00% Series A Mandatory Convertible Preferred Stock of Coherent Corp. Coherent Corp., represents a preferred equity instrument linked to a global leader in engineered materials, optoelectronic components, networking, and laser technologies. The underlying entity, originally founded in 1971 and headquartered in Saxonburg, Pennsylvania, develops and manufactures innovative photonic and electronic products for diversified markets including datacenters and communications with optical transceivers, coherent modules, lasers, amplifiers, and photonic devices; precision manufacturing via laser sources and systems for cutting, welding, marking, and ablation of metals and plastics; semiconductor and display capital equipment with high-precision optics, lasers, and composite materials; automotive and energy solutions encompassing high-power electronics, in-cabin interaction, LiDAR sensing, and thermal management; as well as instrumentation for life sciences, aerospace, defense, consumer electronics, and 3D sensing applications. It operates through segments such as materials, networking, and lasers, with research, development, manufacturing, sales, service, and distribution facilities across 18 countries, including regional headquarters in Fuzhou, China, and Sunnyvale, California, serving hyperscale datacenters, telecom networks, EV production, and instrumentation for research, OEMs, hospitals, and more.
In recent developments, the company, now operating as Coherent Corp. following II-VI's 2022 acquisition of Coherent, Inc., maintains its 1971 founding date and Saxonburg headquarters while launching key products like the Axon FP femtosecond laser in November 2025 for enhanced flexibility in neuroscience and industrial applications, the EDGE CUT20 OEM cutting solution with CUT20 laser head and EDGE FL20 fiber laser for intelligent metal cutting debuted at Photonix Japan 2025, and the 1.6T-DR8 silicon photonics-based transceiver module featuring 200 Gbps interfaces for AI-driven datacom. It expanded its strategic partnership with Apple through a multiyear supply agreement in August 2025 for vertical-cavity surface-emitting lasers (VCSELs) enabling Face ID on iPhone and iPad devices, produced at its Sherman, Texas facility, aligning with Apple's $600 billion U.S. manufacturing commitment. Additionally, Coherent agreed in August 2025 to sell its aerospace and defense business—encompassing optical and laser systems for defense—to Advent International for $400 million to focus on core growth areas like datacom, precision manufacturing, and semiconductors, and in October 2025 announced the sale of its materials processing tools product division as part of ongoing portfolio optimization.