Coherent Signs Preliminary Memorandum of Terms With The U.S. Department of Commerce to Expand the World’s First 150 mm Indium Phosphide Manufacturing Line
Coherent Corp. (COHR)
Last coherent corp. earnings: 2/5 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
coherent.com/company/investors/investor-relations
Company Research
Source: GlobeNewswire
SHERMAN, Texas, Dec. 09, 2024 (GLOBE NEWSWIRE) -- On Friday, December 5, 2024, it was announced that Coherent Corp. (NYSE: COHR), a leader in optoelectronic devices and technology, has signed a non-binding preliminary memorandum of terms (PMT) with the U.S. Department of Commerce under the CHIPS and Science Act for a proposed investment of up to $33 million to support the modernization and expansion of a state-of-the-art manufacturing cleanroom in Coherent’s existing 700,000 square-foot facility in Sherman, Texas. This project will expand the world’s first 150 mm indium phosphide (InP) manufacturing line by adding advanced wafer fabrication equipment to produce InP devices at scale. “This proposed investment allows Coherent to accelerate our industry leadership in InP technology and manufacturing,” said Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Materials Segment, for Coherent. “We are very excited to partner with the U.S. Department of Commerce, Senator John Co
Show less
Read more
Impact Snapshot
Event Time:
COHR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COHR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COHR alerts
High impacting Coherent Corp. news events
Weekly update
A roundup of the hottest topics
COHR
News
- Coherent Corp. (COHR) is Benefitting From AI [Yahoo! Finance]Yahoo! Finance
- What Makes Coherent (COHR) a Favorite Stock for Billionaire Stanley Druckenmiller? [Yahoo! Finance]Yahoo! Finance
- Next Generation ARM FL: a Compact Powerhouse for Industrial Laser Applications [Yahoo! Finance]Yahoo! Finance
- Next Generation ARM FL: a Compact Powerhouse for Industrial Laser ApplicationsGlobeNewswire
- Silicon Carbide Battery Market to Reach USD 400.6 Million by 2030: Key Trends and Growth Drivers | Valuates Reports [Yahoo! Finance]Yahoo! Finance
COHR
Earnings
- 11/6/24 - Beat
COHR
Sec Filings
- 12/17/24 - Form 4
- 12/16/24 - Form 144
- 12/4/24 - Form 144
- COHR's page on the SEC website