Coherent signs PMT for $33M expansion of indium phosphide manufacturing line in Texas

Coherent Corp. signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for a proposed investment of up to $33 million to modernize and expand a cleanroom in its Sherman, Texas facility. The project will expand the world's first 150 mm indium phosphide manufacturing line by adding advanced wafer fabrication equipment.

“This proposed investment allows Coherent to accelerate our industry leadership in InP technology and manufacturing.”markets.financialcontent.com

• 2 sources
• markets.financialcontent.comStreetInsider.com - Coherent Signs Preliminary Memorandum of Terms With The U.S. Department of Commerce to Expand the World’s First 150 mm Indium Phosphide Manufacturing LineCoherent Corp.Dec 9, 2024
• dfecho.comBiden-Harris Administration Announce Preliminary Terms with Coherent, SkyWater, and X-Fab to Advance U.S. Supply Chain Security - DfechoTechattyDec 10, 2024

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