Dossier
Texas Semiconductor Innovation Fund
Coverage of Texas Semiconductor Innovation Fund in the Nexus archive.
- Nvidia-backed optics vendor to boost wafer output by 4x to meet AI interconnect demand
Nvidia-backed photonics vendor Coherent plans to quadruple indium phosphide (InP) wafer production at its Sherman, Texas, facility to meet rising AI interconnect demand. The expansion, funded by $650 million including Nvidia's $2 billion investment and government grants, aims to double the factory's size and create 1,000 jobs. Nvidia has also invested in Lumentum and Marvell to bolster optical component supply chains for AI systems.