Coherent Signs Preliminary Memorandum of Terms With The U.S. Department of Commerce for $33 million Investment in Manufacturing Expansion
Coherent Signs Preliminary Memorandum of Terms With The U.S. Department of Commerce for $33 million Investment in Manufacturing Expansion
12/09/24, 12:10 PM
Location
saxonburgMoney
$33 million
Industry
manufacturing
Type
partnership
Coherent Corp. has signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for a proposed $33 million investment to support the modernization and expansion of a manufacturing cleanroom in Coherent’s facility in Sherman, Texas. The partnership aims to expand the world’s first 150 mm indium phosphide (InP) manufacturing line by adding advanced wafer fabrication equipment to produce InP devices at scale.
Company Info
Location
1646 west snow avenue, suite 6
saxonburg, pennsylvania, united states
Additional Info
Coherent Corp. is a global leader in materials, networking, and lasers, with a track record of product leadership, customer intimacy, and operational excellence. The company was founded in 1971 as II-VI Incorporated and has transformed into a global, diversified company enabling multiple irreversible megatrends in the industrial, communications, electronics, and instrumentation markets.