Applied Optoelectronics Receives $20.9 Million Grant from Texas for Semiconductor Expansion
Applied Optoelectronics (AAOI) received a $20.9 million grant from the state of Texas to expand its semiconductor manufacturing operations in Sugar Land. The company's stock rose 11.34% following the announcement, reflecting positive market sentiment toward its growth plans. The funding is part of the Texas Semiconductor Innovation Fund aimed at boosting the semiconductor industry.
Tickers: $AAOI
Topics: AI data center expansion funding semiconductor Texas