Nvidia to invest $2 billion in Clinton Township-based Coherent
Coherent, a manufacturing hub based in Clinton Township, is set to receive a major cash infusion from tech giant Nvidia, according to a joint news release from the two companies Monday morning.
The agreement calls for Nvidia to invest $2 billion into Coherent to support research and development and capacity expansion of Coherent’s manufacturing facilities, with a focus on artificial intelligence technology.
In addition, the agreement includes a multi-billion-dollar purchasing agreement from Nvidia, along with future capacity and access rights for the company, for advanced laser and optical networking products.
“With Coherent, NVIDIA is pioneering next-generation silicon photonics to enable AI infrastructure at unprecedented scale, speed and energy efficiency,” said Nvidia CEO Jensen Huang in a news release.
“This strategic relationship underscores Coherent’s role as a key enabler of next-generation AI data center infrastructure,” said Coherent CEO Jim Anderson. “We are proud to expand our 20-year relationship with NVIDIA by increasing their access to include multiple product families to help them build the AI data centers of the future.”
Coherent — formerly known as II-VI — is headquartered on Saxonburg Boulevard in Clinton Township, and specializes in manufacturing photonics technology for industrial uses.
Another one of Coherent’s partners includes Apple. In August 2025, the two companies stuck a deal for Coherent to supply laser technology for Apple to produce the “Face ID” scanning feature for iPhones.
The stock price for Coherent, which is listed on NASDAQ, has jumped by 13.33% as of 2 p.m. Monday on the news of the agreement.
