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Stock impact report

Coherent Announces the World’s First 6-Inch Indium Phosphide Scalable Wafer Fabs Paving the Way for the Next Generation of Lasers for AI Transceivers and 6G Wireless Networks

Coherent Corp. (COHR) 
Last coherent corp. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of compound semiconductors and high-performance optical networking solutions, announced today it has established the world’s first capability for 6-inch indium phosphide (InP) wafer fabrication, in the company’s Sherman, Texas, and Järfälla, Sweden, wafer fabs. This exciting milestone enables Coherent to increase production capacity and lower die costs for InP optoelectronic devices, widely used in applications such as coherent optical communications, datacom transceivers, AI interconnects, advanced sensing for consumer electronics and wearables, medical and automotive applications, and, in the future, in 6G wireless and satellite communications networks. “We are very excited to announce our 6-inch indium phosphide wafer fabrication capability in both our Sherman and Järfälla fabs, which is a result of our continuous investment in innovation and technology development, and our years of Show less Read more
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