The global optical chip industry is witnessing an unprecedented wave of capacity expansion, supply agreements, and strategic investments as demand for AI data center optical interconnects skyrockets. On June 16, Coherent signed a letter of intent to receive up to $50 million in direct funding from the U.S. Department of Commerce under the CHIPS and Science Act, earmarked for expanding its world-leading six-inch indium phosphide (InP) semiconduct…
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