ENTITY · lumentum
Lumentum HoldingsLITE
United States·photonics optics·major·$66.1B mkt cap
Optical components and lasers for datacom transceivers and 3D sensing.
WATCH · 40–69
47/100 illustrative
Underwriting Thesis
WATCH — Lumentum Holdings: sole-source / single-point-of-failure dominance compounded by criticality to DoD-exposed downstream programs in photonics optics. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration18
Sole-Source Dependence75
Sanctions Exposure45
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- GlobalFoundries · 2 hops · $1.05BLumentum Holdings → Furukawa Electric → GlobalFoundries
- Marvell Technology · 2 hops · $184.3MLumentum Holdings → InnoLight Technology → Marvell Technology
- Scale AI · 2 hops · $105.6MLumentum Holdings → NVIDIA → Scale AI
- Valens Semiconductor · 3 hops · $28.3MLumentum Holdings → Furukawa Electric → TSMC → Valens Semiconductor
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 4
Key Customers · downstream · 4
- AppleUnited StatesDOMESTIC
- NVIDIAUnited StatesDOMESTIC
- Arista NetworksUnited StatesDOMESTIC
- Cisco SystemsUnited StatesDOMESTIC