# 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.

- Type: Expansion
- Announced: 2024-12-05
- Where: Sherman, Texas, United States
- Value: $33.0M
- Jobs: 70
- Status: announced
- Products: 150 mm indium phosphide wafers, optoelectronic devices
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Coherent](https://endata.com/companies/32127.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/streetinsider/article/gnwcq-2024-12-9-coherent-signs-preliminary-memorandum-of-terms-with-the-us-department-of-commerce-to-expand-the-worlds-first-150-mm-indium-phosphide-manufacturing-line), 2024-12-09: "This proposed investment allows Coherent to accelerate our industry leadership in InP technology and manufacturing."
- [dfecho.com](https://dfecho.com/biden-harris-administration-announce-preliminary-terms-with-coherent-skywater-and-x-fab-to-advance-us-supply-chain-security), 2024-12-10: "The proposed investment in Coherent would support the expansion and modernization of the company’s existing facility in Sherman, Texas and is expected to support approximately 70 direct jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.