Explore the latest developments concerning Coherent’s Good News.
Coherent’s Good News Gets A Cold Shoulder
The company announced a government-backed expansion for its AI business, and investors promptly headed for the exits.
It was the kind of headline that should have sent a stock soaring. On Tuesday morning, Coherent (COHR) announced it had signed a letter of intent for up to $50 million in government funding to expand a key manufacturing facility. This wasn’t just any factory; it’s one that supports the voracious demand for the optical networking gear inside AI datacenters, and the plan is tied to the company’s partnership with NVIDIA.
So, how did the market reward this seemingly perfect piece of news? By sending the stock down a brutal 7.5% in a single session.
Coherent Breaks Ground on Expanded Texas Facility, Scaling AI’s Optical Backbone
AI runs at the speed of light. More and more, that light is made in Texas.
Coherent broke ground today on an expanded manufacturing building in Sherman, Texas.
The company makes the lasers, optical components and compound semiconductors that wire AI systems together — and runs what it calls the world’s first 6-inch indium phosphide fab.
NVIDIA founder and CEO Jensen Huang and Coherent CEO Jim Anderson were on hand for the ceremony, joined by Sherman Mayor Shawn Temann and Adriana Cruz, executive director of Texas Economic Development and Tourism, who delivered remarks.
The expanded building will scale production of the same InP wafers that carry data between chips, servers and data centers at the speed of light — the optical backbone of modern AI infrastructure.
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