A former State Department budget analyst has pleaded guilty to embezzling more than $650,000 from the agency over a two-year span, according to the U.S. Attorney's Office in Washington, D.C.

Analyst Vivek Arya met with optical and networking component vendors at OFC conference. Optical innovations drive growth, CPO not a major concern.

The analyst raised his price target on KLA Corp to $900 (from $825), given increasing leading-edge F/L ramp visibility, advanced packaging TAM expansion, and best-in-class profitability.