Hardik Shah
2026.06.16 13:05

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: $Coherent Corp.(COHR.US) Coherent Signs LOI for Up to $50M CHIPS Funding to Expand AI Semiconductor Production

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค ๐‚๐จ๐ก๐ž๐ซ๐ž๐ง๐ญ signed an LOI for up to ๐”๐’$๐Ÿ“๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง in CHIPS Act funding.

โžค Funding will expand its ๐’๐ก๐ž๐ซ๐ฆ๐š๐ง, ๐“๐ž๐ฑ๐š๐ฌ 6-inch ๐ˆ๐ง๐๐ข๐ฎ๐ฆ ๐๐ก๐จ๐ฌ๐ฉ๐ก๐ข๐๐ž semiconductor facility.

โžค Expansion supports rising demand for ๐จ๐ฉ๐ญ๐ข๐œ๐š๐ฅ ๐ง๐ž๐ญ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐  technologies powering AI datacenters.

โžค Project expected to create ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐š๐ง ๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ jobs, including ๐Ÿ“๐Ÿ“๐ŸŽ+ direct roles.

โžค Manufacturing space will ๐๐จ๐ฎ๐›๐ฅ๐ž, while wafer production capacity will ๐ช๐ฎ๐š๐๐ซ๐ฎ๐ฉ๐ฅ๐ž.

โžค CHIPS funding adds to approximately ๐”๐’$๐Ÿ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง in Texas and local incentives.

โžค Sherman site operates the world's ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ž-๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง 6-inch InP platform.

โžค Coherent's InP photonics enable ๐ก๐ข๐ ๐ก-๐ฌ๐ฉ๐ž๐ž๐, ๐€๐ˆ-๐๐ซ๐ข๐ฏ๐ž๐ง data connectivity and networking.

โžค Expansion strengthens Coherent's partnership with ๐๐•๐ˆ๐ƒ๐ˆ๐€ and U.S. AI infrastructure development.

โžค Project aims to boost ๐”.๐’. ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐œ๐ก๐š๐ข๐ง resilience and advanced semiconductor manufacturing.

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