Coherent signs $50M CHIPS Act letter of intent for Texas facility
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Coherent Announces a CHIPS Letter of Intent for $50 Million to Expand World-Leading Manufacturing Facility for AI Infrastructure
June 16, 2026 9:00 AM EDTProposed award will support new manufacturing jobs and expanded American production of critical optical networking technologies that power next-generation AI datacenters
SHERMAN, Texas, June 16, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), the global photonics leader, today announced it has signed a letter of intent to receive up to $50 million in direct funding under the CHIPS and Science Act from the U.S. Department of Commerce to expand its world-leading 6-inch Indium Phosphide (InP) semiconductor manufacturing facility in Sherman, Texas.
The investment will support growing demand for optical networking technologies that power AI... More
