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0 0 0 0.00125891733109511 0.00153867673800531 0.00167855644146021 -0.000419639110365102 -0.0113302559798574
Stock impact report

Coherent Announces Intent to Sell Epitaxial Fabrication Facility in Champaign, Illinois

Coherent Corp. (COHR) 
Last coherent corp. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
SAXONBURG, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it will sell its epitaxial fabrication facility in Champaign, Illinois, as part of its ongoing initiatives to optimize its manufacturing footprint. The 65,000 ft2 campus features five G3 epi systems in 15,000 ft2 of Class 1000 ballroom-style cleanrooms. The fab is facilitized for up to 10 epitaxial tools and previously produced 2-inch to 6-inch indium phosphide and gallium arsenide wafers. Located six miles from the University of Illinois at Urbana-Champaign, the site comprises four buildings and a variety of fabrication and characterization equipment. Inquiries can be directed to Tim Challingsworth, VP of Strategy & Corporate Development, at tim.challingsworth@coherent.com. About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovatio Show less Read more
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