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Stock impact report

Applied Optoelectronics (AAOI) Gets Texas' Million-Dollar Backing, Soars 11% [Yahoo! Finance]

Applied Optoelectronics, Inc. (AAOI) 
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
Company Research Source: Yahoo! Finance
Applied Optoelectronics climbed by 11.34 percent on Wednesday to close at $152.83 apiece, after bagging $20.9 million worth of fund grant from the state of Texas for the advancement of semiconductor production in the area. The award forms part of the Texas Semiconductor Innovation Fund (TSIF) grant, which would help support its manufacturing expansion plans in Sugar Land, Texas. Applied Optoelectronics Photo from Applied Optoelectronics website The TSIF provides grants to businesses, higher education, and state entities, in a bid to support economic development particularly from the semiconductor sector. At present, Applied Optoelectronics Inc. (NASDAQ:AAOI) is underway with the expansion of an additional 210,000-square-foot manufacturing facility adjacent to its current headquarters in Sugar Land, where it will establish one of the largest production capacities for AI-focused data center transceivers in the US. Upon completion, the new facility is expected to generate mo Show less Read more
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