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 MediaArticlesPresident of Coherent’s Lasers Segment Retires, Prisma Expands US Team: People in the News: 09/06/2023Mark Sobey, president of Coherent’s lasers segment, has retired. Sobey held the position since July 2022, when II-VI merged with Coherent. 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