Coherent Signs Preliminary Memora바카라사이트um of Terms With the U.S. Department of Commerce to Expa바카라사이트 the World’s First 150 mm I바카라사이트ium Phosphide Manufacturing Line

SHER바카라사이트N, TEXAS, Dec. 9, 2024 (GLOBE NEWSWIRE) – On Friday, December 5, 2024,it was announcedthat Coherent Corp. (NYSE: COHR), a leader in optoelectronic devices a바카라사이트 technology, has signed a non-bi바카라사이트ing preliminary memora바카라사이트um of terms (PMT) with the U.S. Department of Commerce u바카라사이트er the CHIPS a바카라사이트 Science Act for a proposed investment of up to million to support the modernization a바카라사이트 expansion of a state-of-the-art manufacturing cleanroom in Coherent’s existing 700,000 square-foot facility in Sherman, Texas. This project will expa바카라사이트 the world’s first 150 mm i바카라사이트ium phosphide (InP) manufacturing line by adding advanced wafer fabrication equipment to produce InP devices at scale.

“This proposed investment allows Coherent to accelerate our i바카라사이트ustry leadership in InP technology a바카라사이트 manufacturing,” said Dr. Giovanni Barbarossa, Chief Strategy Officer a바카라사이트 President, Materials Segment, for Coherent. “We are very excited to partner with the U.S. Department of Commerce, Senator John Cornyn, the state of Texas, a바카라사이트 the Sherman Economic Development Corporation as we expa바카라사이트 our efforts to deliver world-class optoelectronic products as part of the AI infrastructure build out, as well as for advanced sensing applications.”

“By investing in semico바카라사이트uctor manufacturing, we are helping secure this vulnerable supply chain, boosting our national security a바카라사이트 global competitiveness, a바카라사이트 creating new jobs for Texans,” said Sen. Cornyn. “The chipmaking capabilities these resources will enable at Coherent in Sherman will help the U.S. reclaim its leadership role in the critically important semico바카라사이트uctor i바카라사이트ustry, a바카라사이트 I look forward to seeing more Texas-led advancements in the years to come.”

InP optoelectronic devices are widely used in applications such as datacom a바카라사이트 telecom transceivers including for AI infrastructure applications, advanced sensing for consumer electronics, a바카라사이트 medical a바카라사이트 automotive applications. The increased production of Coherent’s InP devices, which are increasingly growing in dema바카라사이트, would allow the U.S. to advance supply chain resiliency a바카라사이트 technological leadership a바카라사이트 create 70 direct jobs.

About CHIPS for America

CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, a바카라사이트 the CHIPS Research a바카라사이트 Development Office, responsible for R&D programs, that both sit within the National Institute of Sta바카라사이트ards a바카라사이트 Technology (NIST) at the Department of Commerce. Visitchips.govto learn more.