Coherent announces $50M CHIPS funding to expand manufacturing facility
The funding will increase production of InP photonic devices for AI datacenters, create over 1,000 jobs, and double manufacturing capacity.
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Optical networking, lasers, and engineered materials provider
coherent.comLast updated
In short: Coherent reported record growth driven by AI demand, secured a $2 billion Nvidia investment, and expanded its manufacturing in Texas.
The funding will increase production of InP photonic devices for AI datacenters, create over 1,000 jobs, and double manufacturing capacity.
Revenue reaches $1.80B, up 27% YoY. Gross margin expands to 39.6%. EPS hits $1.41. Datacenter segment drives growth.
The new facility at VSIP3 creates over 1,000 high-tech jobs initially, scaling to 4,000. It boosts global capacity and Asia footprint.
It converts waste heat from optical and electronic systems into electricity. The scaled model powers lights and scales to megawatts for datacenter efficiency.
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