High-tech company TRUMPF – one of the main companies in ASML’s supply chain – is acquiring Philips Photonics, headquartered in Ulm, Germany and with branches in Eindhoven, Aachen and with sales offices in Shanghai and Qingdao, China. “This opens up a new market segment for TRUMPF in addition to its existing business with high-power diode lasers and expands its product portfolio”, the German company says. Laser diodes from Philips Photonics are used, for example, in smartphones, in digital data transmission, and in sensors for autonomous driving. Philips Photonics GmbH employs around 280 people.

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