(RTTNews) - Coherent Corp. (COHR) said the proposed investment to support the modernization and expansion of a manufacturing cleanroom in an existing facility in Sherman, Texas allows the company to accelerate industry leadership in InP technology and manufacturing. The project will add advanced wafer fabrication equipment to produce indium phosphide devices at scale.
On December 5, 2024, it was announced that Coherent Corp. has signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce under the CHIPS and Science Act for a proposed investment of up to $33 million to support the modernization and expansion of a manufacturing cleanroom in Coherents 700,000 square-foot facility in Sherman, Texas.
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