CHIPS Program Allocates $50 Million for Coherent's Semiconductor Expansion

The U.S. Department of Commerce's CHIPS Program Office has indicated its intent to provide up to $50 million in direct funding to Coherent Corp. This investment aims to boost the production of Indium Phosphide semiconductors at Coherent's Texas facility. These materials are vital for high-speed optical interconnects, which are essential components in advanced AI data centers.