Based on fiscal year 2017, Lumentum's revenue is $1 billion and Oclaro's revenue is $600 million. The combined revenue of Lumentum and Oclaro has surpassed that of Finisar's $1.45 billion, the industry's largest, and will be the top.
Thanks to Apple's huge demand for VCSEL lasers for 3D sensors, Lumentum and Finisar have become the two most popular manufacturers in the optical device market. Lumentum has long been a supplier of Apple, and Finisar has received $390 million in direct investment from Apple to build a new plant in the United States.
Lumentum now expects the deal to be completed around December 10.