Nvidia to invest $4 billion in two photonics companies
Bloomberg | Bloomberg | Getty Images
The U.S. chip giant announced on Monday it’s investing $2 billion in Lumentum and the same amount in Coherent.
Lumentum is a U.S.-based company that is developing optical and photonic technologies to power the networks and infrastructure behind AI, cloud computing and next-generation communications.
Coherent, also based in the U.S., develops photonics technology, which refers to harnessing light (photons) to create components and systems that enable high-performance optical applications.
“Together with Lumentum, NVIDIA is advancing the world’s most sophisticated silicon photonics to build the next generation of gigawatt-scale AI factories,” Jensen Huang, founder and CEO of Nvidia, said in a statement.
He added that Nvidia will work with Coherent on developing next-generation silicon photonics for AI infrastructure.
One-day stock chart for Nvidia, Lumentum and Coherent.
Discover more from stock updates now
Subscribe to get the latest posts sent to your email.
