NV continues to find strategy use for its large cash reserve ... My optical friends will be further pumped up.
Key Points
The U.S. chip giant announced on Monday it’s investing $2 billion in Lumentum and the same amount in Coherent. Lumentum shares popped 8% while Coherent jumped 13% following the news.
Both companies are developing optics technology — systems which generate or transmit light and are used in functions like sensing and data transfer.
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.
The deal with Lumentum is a multi-year strategic agreement which includes a multi-billion dollar purchase commitment from Nvidia and future capacity rights for advanced laser components.
Nvidia will work with Coherent on developing next-generation silicon photonics for AI infrastructure, Huang said.
The chip giant’s with Coherent also includes a multi-billion dollar purchase commitment and future access and capacity rights for advanced laser and optical networking products.
www.cnbc.com
Key Points
- Nvidia is investing a combined $4 billion in Coherent and Lumentum, two photonics companies.
- Each company will receive $2 billion each from the chip giant as part of the strategic investment.
The U.S. chip giant announced on Monday it’s investing $2 billion in Lumentum and the same amount in Coherent. Lumentum shares popped 8% while Coherent jumped 13% following the news.
Both companies are developing optics technology — systems which generate or transmit light and are used in functions like sensing and data transfer.
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.
The deal with Lumentum is a multi-year strategic agreement which includes a multi-billion dollar purchase commitment from Nvidia and future capacity rights for advanced laser components.
Nvidia will work with Coherent on developing next-generation silicon photonics for AI infrastructure, Huang said.
The chip giant’s with Coherent also includes a multi-billion dollar purchase commitment and future access and capacity rights for advanced laser and optical networking products.
Nvidia to invest $4 billion into photonics companies Coherent and Lumentum
Coherent and Lumentum will both receive $2 billion each from the chip giant as part of the strategic investment.
www.cnbc.com
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