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Coherent (COHR) Wins Up To $50 Million For Texas AI Chip Expansion
ZivFin Analysis2026.06.17
Coherent (NYSE:COHR) announced a letter of intent to receive up to US$50 million in CHIPS and Science Act funding. The funding will support expansion of its Indium Phosphide semiconductor facility in Sherman, Texas. The project is expected to double production space, increase wafer capacity by 4x, and create more than 1,000 jobs. Coherent also highlighted a deeper partnership with NVIDIA focused on AI datacenter infrastructure. For investors tracking Coherent, this CHIPS Act award and...