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.
“The partnership expands NVIDIA’s access to multiple Coherent product families and deepens collaboration on next-generation silicon photonics and advanced package integration technologies,” Fouad Boutros, spokesman for Coherent, said. “For NVIDIA, this means tighter integration between computing, networking and optics — critical for scaling AI infrastructure efficiently.”
“This strategic relationship underscores Coherent’s role as a key enabler of next-generation AI data center infrastructure,” Coherent CEO Jim Anderson said. “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.
According to Boutros, the $2 billion investment will boost the expansion of Coherent’s manufacturing and AI infrastructure at its various U.S. based facilities.
“While detailed plans have not been disclosed, the overarching goal is to strengthen domestic manufacturing and expand Coherent’s ability to support the global buildout of AI infrastructure,” Boutros said. “We expect that the deeper technological and capacity-related benefits will materialize over the medium to long term.”
Another one of Coherent’s partners is 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, had jumped by 15.48% Monday on the New York Stock Exchange as of the close of trading after news of the agreement.
