SANTA CLARA, Calif., Dec. 15 -- Coherent Inc. announced today that its Lambda Physik subsidiary will discontinue future product development and investments in the semiconductor lithography market. It will continue to support its installed lithography base. As a result of this decision, the company expects to take an after-tax charge of between $3 and $6 million during the first quarter ending Jan. 1, 2005. These charges are primarily related to excessive and obsolete inventories. John Ambroseo, Coherent's president and CEO, said,"Based upon careful analysis of market conditions, Lambda...Read full articleRelated content from Photonics MediaArticlesLow-Power Lasers Prepare Polymers for Electronic, Bio, and Nano TechA polymer that can be modified quickly with low-power lasers emitting infrared and visible light could provide a safe, inexpensive method to produce polymer surfaces for biomedical devices,...Photonics.com 4/16/2024Eight Predictions for the Photonics Industry in 2023For the last few years, I have taken time in December to reflect on what happened in the last year and what it means for the one to come. 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