According to Semiconductor-Today, Coherent plans to seek up to $500 million in funding under the U.S. CHIPS and Science Act to expand its AI photonic chip production capacity and collaborate with NVIDIA to advance AI data center technologies. NVIDIA previously announced an investment of $2 billion in Coherent.
Coherent to Seek $50M in Funding and Partner with NVIDIA
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Summary
Coherent is set to pursue $50 million in project funding under the U.S. CHIPS and Science Act to boost AI photonic chip production. The company is also collaborating with NVIDIA to advance AI data center technology. NVIDIA previously invested $200 million in Coherent. This move aligns with growing trends in AI and crypto as companies seek to scale their infrastructure.
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