Abstract
The role of SPACs and LIDAR - Are they driving the future of the photonics industry? In the past 12 months over $3 billion of fresh capital is flowing into the photonics sector via 7 firms to date with LIDAR SPACs and IPO financings. These firms combined market values have exceeded sector bellwethers Lumentum, II-VI, FLIR, and IPG Photonics combined. Plus, Quantum, PiC, medical diagnostic and laser-based 3D printing firms are also hauling in pools of SPAC capital, as are major communications infrastructure builds that use photonics. The nature of SPAC public firms is they issue forecasts out to 2025-2030, with the LIDAR group consistent in their projections that the LIDAR TAM size will reach over $150 billion in 2030 revenue. Our panel will address: What are the Implications for the photonics components and assembly community in terms of: (1) hiring needs and availability of talent, (2) ramping in the supply chain, (3) adoption of new technologies, (4) serving other applications markets, impact on your company and customer strategies and financing avenues? Will it result in a crowding out effect on smaller firms and smaller market applications as talent and vendors race to volume and the opportunity for profit and stock rewards in these hyper growth markets? Will component and services to photonic systems firms be squeezed in price and supply scheduling similar to the semiconductor squeeze as consumer IoT garners design and volume market-share? What secondary benefits do you see coming from this investment wave? Spill-over into other applications? As executives, managers and employees -- what opportunities, risks and actions might this present you with? Are you seeing impact today?.
Published Version
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