By Stephen Nakrosis
Coherent said it plans to sell its epitaxial fabrication facility in Champaign, Illinois, as part of an ongoing plan to optimize its manufacturing footprint.
The facility previously produced 2-inch to 6-inch indium phosphide and gallium arsenide wafers, Coherent said. The site contains four buildings and a variety of fabrication and characterization equipment, and is located about six miles from the University of Illinois at Urbana-Champaign.
In September, the company sold a U.K. manufacturing facility following a strategic review.
Coherent has facilities in the U.S., Canada, Brazil, and other countries.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 26, 2025 16:55 ET (20:55 GMT)
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