Coherent and Lumentum will both receive $2 billion each from the chip giant as part of the strategic investment.
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Nvidia
has announced it is investing a combined $4 billion in two companies developing photonics technologies.
The U.S. chip giant announced on Monday it’s investing $2 billion in Lumentum
and the same amount in Coherent
A pair of photonics firms are set to receive a combined $4 billion from Nvidia. These stocks are also likely to gain ground, per…
The two companies are partnering to accelerate computing and AI engineering solutions.
Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
Nvidia has purchased Intel shares worth $5 billion, the semiconductor firm said in a filing on Monday, carrying out a…
Chip manufacturer to invest in return for stock after previous ‘circular’ $100bn deal dissolved earlier this month
