NYSE:COHRElectronic
1% Undervalued Following CHIPS Backed Expansion What Does Coherent (COHR) Look Like Now
Why Coherent’s CHIPS backed expansion matters for investors
Coherent (COHR) is drawing fresh attention after securing a letter of intent for up to US$50 million in CHIPS and Science Act funding to expand its indium phosphide semiconductor facility in Sherman, Texas.
The project is designed to double production space and quadruple wafer capacity for AI related optical networking, connect to a US$2 billion collaboration with NVIDIA, and address supply bottlenecks as AI datacenter build outs...