Taken from the english wikipedia : A half-wave plate by Bob Mellish.

Link to the original file's history : [1]

Linearly polarized light entering a wave plate can be resolved into two waves, parallel (shown as green) and perpendicular (blue) to the optical axis of the wave plate. In the plate, the parallel wave propagates slightly slower than the perpendicular one. At the far side of the plate, the parallel wave is exactly half of a wavelength delayed relative to the perpendicular wave, and the resulting combination (red) is orthogonally polarized compared to its entrance state.

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