Coherent to receive $50m US CHIPS Act funding to expand Sherman 6-inch InP fab (opens in new tab)

Materials, networking and laser technology firm Coherent Corp of Saxonburg, PA, USA has signed a letter of intent to receive up to $50m in direct funding under the CHIPS and Science Act from the US Department of Commerce to expand its 6-inch indium phosphide (InP) photonic device manufacturing facility in Sherman, Texas...