NYSE:COHRElectronic
What Coherent (COHR)'s CHIPS‑Backed Texas Photonics Expansion Means For Shareholders
Earlier this month, Coherent Corp. signed a letter of intent to receive up to US$50 million in CHIPS Act funding to expand its 6‑inch indium phosphide semiconductor facility in Sherman, Texas, doubling manufacturing space and quadrupling wafer production capacity for AI-focused optical networking technologies.
This expansion, backed by prior state and local support and deepened collaboration with NVIDIA, highlights how Coherent is becoming a key U.S. hub for photonics used in AI data centers...