Coherent Corp. (COHR) has announced plans to upgrade and expand its cleanroom manufacturing capabilities at its Sherman, Texas facility, signaling a significant push to enhance its leadership in indium phosphide (InP) technology and manufacturing. This initiative will involve the incorporation of cutting-edge wafer fabrication equipment to enable large-scale production of InP devices.
On December 5, 2024, Coherent Corp. disclosed that a preliminary, non-binding memorandum of terms had been agreed upon with the U.S. Department of Commerce. This agreement, under the CHIPS and Science Act, outlines a potential investment of up to $33 million aimed at modernizing and enlarging Coherent's 700,000 square-foot Sherman facility.
