On June 17, COHERENT rose 3.1% overnight, trading at $394.68/share, with turnover of $8.5865 million.

On the news front, NVIDIA CEO Jensen Huang and Coherent CEO Jim Anderson jointly attended the groundbreaking ceremony for the expansion of the company's indium phosphide semiconductor manufacturing facility in Sherman, Texas. The project focuses on 6-inch indium phosphide wafer and optical interconnect capacity, with production area set to double and wafer capacity to increase fourfold upon completion. Simultaneously, Coherent announced signing a preliminary agreement with the U.S. Department of Commerce to receive $50 million in dedicated subsidies under the CHIPS Act, with funds earmarked specifically for this expansion project.

Industry analysts project AI data center demand for indium phosphide will grow at a compound annual rate of 85%. As the world's first manufacturer to achieve mass production of 6-inch indium phosphide wafers, Coherent's capacity expansion solidifies its leadership position. The high-profile endorsement from NVIDIA's CEO further validates the strategic importance of optical interconnect technology in next-generation AI infrastructure.

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