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Haisch was born in Stuttgart, Germany and earned a Ph.D. in Astronomy from the University of Wisconsin-Madison in 1975 and thereafter spent three years as a postdoctoral fellow at the Joint Institute for Laboratory Astrophysics at the University of Colorado in Boulder, Colorado.

Haisch has worked at the Solar & Astrophysics Laboratory at Lockheed Martin in Palo Alto, California and served as deputy director of the Center for Extreme Ultraviolet Astrophysics Laboratory at the University of California, Berkeley. He has been a visiting scientist at the Max Planck Institute for Extraterrestrial Physics in Garching, Germany and at the University of Utrecht in the Netherlands. His main research from the mid 1970s until the late 1990s was high energy astrophysics, and specifically the ultraviolet and X-ray emissions from coronae and flares on the Sun and other late-type stars.

Haisch has published more than one hundred research papers on a variety of topics, many in prestigious journals such as Nature, Science, Physical Review, Astrophysical Journal, and Annalen der Physik. He also served for ten years as an editor of the Astrophysical Journal.