Lumentum Orders New Equipment for AI Laser Production, Announces North Carolina Facility
Lumentum (NASDAQ:LITE) has ordered multiple G10-AsP MOCVD systems from AIXTRON to scale production of InP-based lasers and detectors used in high-speed AI data centers. The company also announced plans for a new 240,000-square-foot manufacturing facility in Greensboro, North Carolina, expected to begin operations by mid-2028 with an investment of several hundred million dollars.
Tickers: $LITE
Topics: AI data centers manufacturing expansion optical networking