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 MediaArticlesLAMpAS Project Unveils Laser Designed to Speed Surface PatterningCollaborators on the EU-funded LAMpAS project have developed what they report to be the first laser system based on interference patterning combined with a polygon scanner system for high-throughput,...Photonics Spectra May 2023 IssueEight 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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