StreetInsider.com News Articles

Coherent signs $50M CHIPS Act letter of intent for Texas facility

Tue, 16 Jun 2026 09:01:06 -0400

Coherent Corp. (NYSE: COHR) has signed a letter of intent to receive up to $50 million in direct funding under the CHIPS and Science Act from the U.S. Department of Commerce to expand its Indium Phosphide semiconductor manufacturing facility in Sherman, Texas.

The expansion is expected to double manufacturing production space and quadruple wafer production capacity at the Sherman site. Upon completion, the project is expected to create more than 1,000 jobs, including more than 550 direct advanced manufacturing, engineering, and technical roles.

The CHIPS funding builds on approximately $20 million in prior support from the Texas Semiconductor Innovation Fund and the

Coherent Announces a CHIPS Letter of Intent for $50 Million to Expand World-Leading Manufacturing Facility for AI Infrastructure

Tue, 16 Jun 2026 09:00:00 -0400

Proposed award will support new manufacturing jobs and expanded American production of critical optical networking technologies that power next-generation AI datacenters

SHERMAN, Texas, June 16, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), the global photonics leader, today announced it has signed a letter of intent to receive up to $50 million in direct funding under the CHIPS and Science Act from the U.S. Department of Commerce to expand its world-leading 6-inch Indium Phosphide (InP) semiconductor manufacturing facility in Sherman, Texas.

The investment will support growing demand for optical networking technologies that power AI datacenters and further strengthen

Coherent Announces a CHIPS Letter of Intent for $50 Million to Expand World-Leading Manufacturing Facility for AI Infrastructure

Tue, 16 Jun 2026 09:00:00 -0400

Proposed award will support new manufacturing jobs and expanded American production of critical optical networking technologies that power next-generation AI datacenters

The investment will support growing demand for optical networking technologies that power AI datacenters and further strengthen

CMB International Securities Starts Coherent (COHR) at Buy

Fri, 12 Jun 2026 05:23:59 -0400

CMB International Securities analyst Kevin Zhang initiates coverage on Coherent (NYSE: COHR) with a Buy rating and a price target of $465.00.

For an analyst ratings summary and ratings history on Coherent click here. For more ratings news on Coherent click here.

Shares of Coherent closed at $363.58 yesterday.

Form 3 COHERENT CORP. For: May 26 Filed by: Place Jeffrey B.

Fri, 05 Jun 2026 17:07:00 -0400

si-local-file:///var/storage/secattach/20260605/26612118.html

Form 3 COHERENT CORP. For: May 26 Filed by: Place Jeffrey B.

Fri, 05 Jun 2026 17:07:00 -0400

si-local-file:///var/storage/secattach/20260605/26612118.html

Form 4 COHERENT CORP. For: Jun 03 Filed by: ANDERSON JAMES ROBERT

Fri, 05 Jun 2026 16:22:00 -0400

si-local-file:///var/storage/secattach/20260605/26611387.html

Form 4 COHERENT CORP. For: Jun 03 Filed by: ANDERSON JAMES ROBERT

Fri, 05 Jun 2026 16:22:00 -0400

si-local-file:///var/storage/secattach/20260605/26611387.html

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Investing.com -- Wall Street is set to cap off this week with a decline, as rate-sensitive technology stocks and chip names fall. We have also seen rising U.S. Treasury yields after a significantly stronger-than-expected May jobs report.

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Broadcom shares are down around 8.9% this week after the chipmaker posted quarterly results that, while modestly ahead of expectations, disappointed investors hoping for a more aggressive AI revenue outlook.

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Investing.com’s stocks of the week

Fri, 05 Jun 2026 14:57:23 -0400

Even so, there have been big stock moves in both directions.

Here are Investing.com's stocks of the week:

Broadcom

Management reiterated its fiscal 2027 AI revenue guidance of $100 billion

Form SD COHERENT CORP.

Fri, 29 May 2026 16:32:00 -0400

si-local-file:///var/storage/secattach/20260529/26575775.html

Form SD COHERENT CORP.

Fri, 29 May 2026 16:32:00 -0400

si-local-file:///var/storage/secattach/20260529/26575775.html

Optical component supply to lag AI data center demand through 2030, says Rosenblatt