Coherent Announces a CHIPS Letter of Intent for $50 Million to Expand World-Leading Manufacturing Facility for AI Infrastructure
Coherent signed a letter of intent to receive up to $50 million in direct funding from the U.S. Department of Commerce to expand its Sherman, Texas manufacturing facility for 6-inch InP semiconductors. The expansion aims to double manufacturing space and quadruple wafer production capacity, creating over 1,000 jobs to support demand for AI datacenter optical technologies.
Key figures
- Jobs created total
- more than 1,000
- Jobs created direct
- more than 550
- Chips funding amount
- $50 million
- Prior support amount
- approximately $20 million
- Wafer capacity expansion
- quadruple
- Production space expansion
- double
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