NeoPhotonics Corporation

NeoPhotonics Corporation
Public
Traded as NYSE: NPTN
Founded 1996
Headquarters 2911 Zanker Road, San Jose, California, United States
Key people
 Timothy S. Jenks (Chairman, CEO & President)

NeoPhotonics Corporation is an American public corporation based in San Jose, California. It was founded in 1996.[1] It sells photonic integrated circuits and optoelectronic modules,[2] like "transceivers, tunable lasers, semiconductors, micro-opto-electro-mechanical systems, photonic integration, and 40G/100G modules."[1] These are "cost-effective components that handle massive amounts of data at very high speeds".[3] It is listed on the New York Stock Exchange.[4]

History

The company was co-founded by Chinese-born Sean Bi and Japanese-born Nobuyuki Kambe in 1996.[5] The two men were introduced by one of Bi's professors at the Massachusetts Institute of Technology (MIT).[5] Meanwhile, the company received an initial investment of US$1 million from Pete Thomas of the Institutional Venture Partners.[5] It was initially called NanoGram.[5]

According to Forbes, in 2002, in the midst of the tech bubble, the company was reorganized into three companies: "NanoGram Devices, which kept the battery-making technology for medical devices; NeoPhotonics, which went after the optical devices market; and a third firm, NanoGram Corp., which managed the intellectual property." Meanwhile, they acquired Lightwave Microsystems.[5] It also received US$35 million from investors in 2002.[6] However, a year later, in 2003, they declared bankruptcy in 2003.[5] Shortly after, they sold NanoGram Devices for US$45 million and survived bankruptcy.[5]

In 2006, the company owned 128 US patents and over 100 parents overseas.[5] It sells its circuits to tech manufacturers like Cisco Systems and Alcatel-Lucent.[7]

The company performed its IPO on the NYSE on February 2, 2011.[7] As of February 2015, the NeoPhotonics market capitalization was $389 million.[8]

References

  1. 1 2 "NeoPhotonics Corp.". MarketWatch. Retrieved February 13, 2016.
  2. ↑ "NEOPHOTONICS CORP (NYSE:NPTN)". New York Stock Exchange. Retrieved February 13, 2016.
  3. ↑ Bartosiak, David (9 February 2016). "Bull of the Day: NeoPhotonics (NPTN)". Nasdaq. Retrieved 16 February 2016.
  4. ↑ "NeoPhotonics Corp". Bloomberg Business. Retrieved February 10, 2016.
  5. 1 2 3 4 5 6 7 8 Corcoran, Elizabeth (November 20, 2006). "What It Takes To Succeed". Forbes. Retrieved February 16, 2016.
  6. ↑ "NeoPhotonics Gets $35 Million". The Wall Street Journal. June 18, 2002. Retrieved February 16, 2016.
  7. 1 2 "Epocrates, NeoPhotonics soar in IPO debuts". Yahoo! News. February 2, 2011. Retrieved February 16, 2016.
  8. ↑ "NeoPhotonics Corp (NPTN) Stake Increased by ClariVest Asset Management LLC". Financial Market News. 13 February 2016. Retrieved 16 February 2016.


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