Coherent has signed a Letter of Intent with the U.S. Department of Commerce to receive up to $50 million in direct funding. This funding, provided under the CHIPS and Science Act, aims to enhance Coherent's manufacturing capacity for AI photonic chips. The investment will support the expansion of advanced manufacturing capabilities, crucial for the growing demand in AI technologies.
Coherent Secures Up to $50 Million for AI Photonic Chip Expansion
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