NasdaqGS:LITECommunications
How Investors Are Reacting To Lumentum (LITE) Expanding U.S. InP Manufacturing For AI Data Centers
Lumentum Holdings recently announced plans to establish a new 240,000-square-foot manufacturing facility in Greensboro, North Carolina, acquired from Qorvo, to produce indium phosphide-based optical devices for large AI data centers and to invest hundreds of millions of US dollars while preserving or creating over 400 US manufacturing jobs.
The facility, which will be retrofitted to make continuous wave and ultra-high-power lasers on 6-inch InP wafers and is expected to ramp production by...