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Stock impact report

High-tech company expands into Guilford County [Yahoo! Finance]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lumentum Holdings Inc. said the 240,000-square-foot facility will produce advanced optical devices that serve as critical components in the world's largest AI data centers. The site on Piedmont Triad Parkway in west Greensboro, south of Interstate 40 and west of N.C. 68, was acquired from Qorvo, a semiconductor chipmaker, for $18 million. The purchase agreement includes the transfer of an experienced workforce, enabling Lumentum to ramp production efficiently. Lumentum said it plans to invest hundreds of millions of dollars over the next several years to scale production and strengthen advanced manufacturing capabilities at the site, while preserving or creating over 400 jobs. The facility will be retrofitted to manufacture Lumentum's products. Lumentum said Greensboro was chosen for the region's highly skilled workforce, infrastructure and supportive federal and state economic development environment. AI chipmaker NVIDIA will serve as a customer of the facility. Lumentum als Show less Read more
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