Lumentum Holdings, a holding company, agreed to acquire NeoPhotonics, a manufacturer of ultra-pure light lasers and optoelectronic products, for $918m. "With NeoPhotonics, we're making another important investment in better serving our customers and expanding our photonics capabilities at a time when photonics are at the forefront of favorable long-term market trends. At the center of our strategy is a relentless focus on developing a differentiated portfolio with the most innovative products and technology in our industry so that we can help our customers compete and win in their respective markets. Adding NeoPhotonics' differentiated products and technology and innovative R&D team is consistent with this strategy and together, we will better meet the growing need for next generation optical networking solutions," Alan Lowe, Lumentum President and CEO. On February 1, 2022, NeoPhotonics stockholders approve a $918m merger with Lumentum.